Mizuho Lowers PT on JBS N.V. (JBS) to $22 From $55, Keeps an Outperform Rating

JBS N.V. (NYSE:JBS) is one of the best undervalued defensive stocks to buy according to analysts. Mizuho lowered the firm’s price target on JBS N.V. (NYSE:JBS) to $22 from $55 on July 28, keeping an Outperform rating on the shares.

The firm told investors in a research note that it adjusted targets in the food producer group before the Q2 earnings reports.

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Workers bottling plant-based meat products on an automated production line.

Mizuho also stated that low stock valuations in the sector are attractive. However, they are overshadowed by growth concerns.

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.

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