ADM: Buy the Dip — A Durable Toll-Collector with a Clear Upside Path
Archer-Daniels-Midland (ADM) trades like a cash-generative industrial with modest leverage and a growing exposure to higher-margin protein and specialty ingredients. Near-term technical weakness and elevated short activity have opened a tactical entry around $77.50. Target $86 on a 45-trading-day horizon, stop $73. Trade thesis: ADM's diversified p…