JBS price target raised to $20.50 from $18.50 at JPMorgan

JPMorgan raised the firm’s price target on JBS (JBS) to $20.50 from $18.50 and keeps an Overweight rating on the shares. The firm extended its price target to year-end 2026 ahead of the company’s Q2 report. It believes the company’s U.S. Beef segment will continue to pressure results, with partial offers from improved performance in Australia and Friboi.