-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下：我们将12个月目标价从76美元上调至88美元，相当于2027年每股收益5.83美元（此前为4.91美元）的约15倍；2026年每股收益也从4.23美元上调至4.65美元。这一倍数略高于该公司14倍的长期平均水平。我们上调的预期和目标价反映了该公司2026年的强劲开局，预计未来几个季度盈利将持续增长，这主要得益于强劲的压榨利润率（近期生物燃料政策的明朗化）、更高的乙醇利润率以及稳健的出口需求，尤其是来自中国的需求。此外，在良好的畜牧业基本面和全球强劲的蛋白质需求的支撑下，豆粕业务也呈现强劲增长。由于香精（例如天然色素）销售强劲，以及迪凯特东部工厂投产后效率提升，ADM的营养品业务也呈现强劲复苏态势。ADM股票今年以来表现突出，我们预计其股价仍有上涨空间。
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