JPMorgan Reduces PT on JBS N.V. (JBS) to $20 From $21

JBS N.V. (NYSE:JBS) is one of the best large cap stocks with more than 50% upside. On October 14, JPMorgan analyst Lucas Ferreira slashed the price target on JBS N.V. (NYSE:JBS) to $20 from $21 but kept an Overweight rating on the stock.

Was Jim Cramer Right to Warn Investors Against Buying Beyond Meat (BYND) a Year Ago?

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.

Barclays analyst Benjamin Theurer released a report on October 7, maintaining a Buy rating on JBS N.V. (NYSE:JBS). The analyst assigned JBS N.V. (NYSE:JBS) a price target of $22.

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.

While we acknowledge the potential of JBS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JBS and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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