Will This Upgrade Help Archer-Daniels-Midland (ADM) Today?

Story updated at 9:45 a.m.to reflect market activity.

NEW YORK (TheStreet) -- Archer-Daniels-Midland (ADM) was upgraded to "outperform" from "market perform" by BMO Capital Monday.

Share of Archer-Daniels-Midland gained 1.9% to $42.10 in morning trading

The firm set a $50 price target for the farm products company. According to BMO analysts Archer-Daniels-Midland was upgraded because it is in the early stages of turning its business around.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

ADM ChartADM data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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