Baird analyst Mircea Dobre raised the firm’s price target on JBT Corp. (JBT) to $141 from $121 and keeps an Outperform rating on the shares following the Q3 beat. The company reported solid Q3 results and the Marel transaction is on track, the analyst tells investors in a research note. The firm says that with solid core momentum and the Marel transaction on track for a year-end close, it likes the setup into 2025 and sees “potential for meaningful upside.”
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JBT: