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.

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.

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