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Bank of America Securities Sticks to Its Buy Rating for JBS (JBS)

Tipranks - Tipranks - Thu Jun 18, 1:19AM CDT

Bank of America Securities analyst Isabella Simonato maintained a Buy rating on JBS yesterday. The company’s shares closed yesterday at $12.30.

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According to TipRanks, Simonato is an analyst with an average return of -18.5% and a 30.36% success rate.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for JBS with a $18.87 average price target, representing a 53.41% upside. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $21.00 price target.

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Based on JBS’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $111.47 billion and a net profit of $1.14 billion. In comparison, last year the company earned a revenue of $114.13 billion and had a net profit of $2.92 billion

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