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.
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 JBT:
- JBT Corp. initiated with an Outperform at CJS Securities
- JBT Corp. initiated with a Hold at Jefferies
- JBT Corp: van der Laan not anticipated to become a director of combined company
- John Bean Technologies Advances with Marel Acquisition
- JBT Corp. receives all regulatory clearances for Marel acquisition