Bank of America Securities Reiterates a Buy Rating on JBS N.V. (JBS), Sets a $20 PT

JBS N.V. (NYSE:JBS) is one of the best consumer defensive stocks with more than 50% upside. On October 28, Bank of America Securities analyst Isabella Simonato reiterated a Buy rating on JBS N.V. (NYSE:JBS), setting a $20 price target.

JBS N.V. (NYSE:JBS) also received a rating update from BofA on October 16, with the firm lowering its price target on the stock to $20 from $21 while keeping a Buy rating on the shares.

The firm told investors that with China closed for Brazilian chicken, it is reducing its 2025 and 2026 EBITDA estimates by around 3% each. It is also lowering its EPS forecasts by 9% and 8%, respectively, primarily on lower short-term margins at Seara.

In addition, JPMorgan analyst Lucas Ferreira slashed the price target on JBS N.V. (NYSE:JBS) to $20 from $21 on October 14 while keeping an Overweight rating on the stock.

The firm stated that it sees the US chicken margin to be challenging for JBS N.V. (NYSE:JBS) in the near term after the 23.5% price drop from the recent peak. While it expects prices to drop after summer, better mortality and placements show that the industry is pumping higher-than-expected supply.

JBS N.V. (NYSE:JBS) is a food company that sells pork, beef, lamb meat, and poultry products. The company offers its products to club stores, supermarkets, other retail distributors, and foodservice companies.

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Disclosure: None. This article is originally published at Insider Monkey.