Jefferies analyst Saree Boroditsky upgraded JBT Marel (JBTM) to Buy from Hold with a price target of $180, up from $150. The firm sees the company’s earnings compounding at 20% annually through 2027 as food processing demand recovers and it delivers on its Marel cost synergy target. JBT Marel’s “strong” incoming backlog, current order pipeline, and “resilient” recurring revenue should provide 70% revenue visibility exiting 2025, the analyst tells investors in a research note.
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