ADM

Shares of Archer Daniels Midland (ADM - Get Report) were rising Monday after its rating was boosted to outperform, equivalent to a buy, from market perform at BMO.

Analyst Kenneth Zaslowto said the new rating reflects an "expected earnings inflection starting later this year." Zaslowto sees that "change driven by a structural improvement in operations, a benefit from non-recurring items and possible catalysts that include a U.S.-China trade resolution."

The stock's new price target at BMO is $51 from $50. Forecasts range from $37 to $58. The average price target is $50.45 with a consensus overweight rating gathered by FactSet. It has a dividend yield of 3.3%.

The stock was rising 5.4% to $43.10 in trading Monday.

Meanwhile, Archer Daniels price target was lowered to $48 from $54 at Baird, but analyst Ben Kallo maintained an outperform rating following the company's first-quarter earnings miss. The analyst said a potential China trade deal remains the central focus and will be a key driver of earnings in the second half; any resolution would be a positive catalyst. 

After reporting disappointing results Friday, Archer Daniels Midland said it was considering spinning off its ethanol business after slim biofuel margins and Midwestern floods slammed the U.S. grains merchant's profit, which tumbled 41% in the first quarter.