JPMorgan raised the firm’s price target on JBS (JBS) to $21 from $20.50 and keeps an Overweight rating on the shares. The firm increased EBITDA estimates post the company’s stronger than expected Q2 report. It sees JBS’s strong earnings momentum for chicken, pork and Australia offsetting weaker U.S. beef.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JBS:
- JBS S.A. Earnings Call: Strategic Moves Amidst Challenges
- Unusually active option classes on open August 28th
- Screwworm Scare Hits U.S. for First Time and Cattle Stocks Flinch
- JBS Usa Holdings LLC call volume above normal and directionally bullish
- JBS Buy Rating: Strategic Growth, US GAAP Adoption, and Resilient Earnings Drive Positive Outlook