** BofA Global Research downgrades rating on global grain trader Archer-Daniels-Midland ADM.N to "underperform" from "neutral", cuts price target to $45 from $47
** New price target represents a 6% downside to the stock's last close
** Brokerage lowers ADM rating on a worse-than-expected earnings environment; says that ADM's results raised more questions than answers
** "Our concerns are exacerbated by persistently weak crush margins despite the benefit of U.S. tariffs on competing feedstocks" - BofA
** However, brokerage continues to believe that increased macro uncertainty could push investors towards agri stocks
** 11 of 12 brokerages rate the stock "hold" and 1 "sell" or lower; median PT is $49 - data compiled by LSEG
** Including session's moves, stock down 5% YTD
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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