Archer-Daniels Midland Co

ADM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$17.00	Bwzrd	Vqhnxsm

Archer-Daniels Midland Earnings: Ag Services Business Remains Strong While Nutrition Falters

Seth Goldstein

Jul 25, 2023

After updating our model to incorporate Archer-Daniels Midland's second-quarter results, we maintain our $70 per share fair value estimate. Our no-moat rating is also unchanged.

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