Jefferies initiated coverage of JBT Corp. (JBT) with a Hold rating and $130 price target The firm sees a recovery in manufacturing sentiment, bolstered by the potential for lower interest rates, reduced corporate taxes, and deregulation. In the context of this view, the analyst says JBT should see a demand recovery from poultry, adding that it could become more constructive with a reset on lower Marel expectations.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JBT:
- 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
- John Bean Technologies Extends Offer for Marel Acquisition
- JBT Corp. announces extension of voluntary takeover offer for Marel hf. shares