Baird analyst Mircea Dobre keeps an Outperform rating with a $145 price target on JBT Corp. (JBT) after the Marel shareholder vote passed with the transaction settlement expected on January 2. The firm views the transaction positively, with JBT a top idea for 2025. Baird sees improved demand coupled with a multi-year earnings growth opportunity stemming from Marel acquisition integration. JBT will change its corporate name to JBT Marel (JBTM), with a ticker symbol of JBTM.
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