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Banco Santander downgrades JBS (JBS) to a Hold
In a report released yesterday, from Banco Santander downgraded JBS to a Hold, with a price target of $15.20. The company’s shares closed today at $11.82.
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Currently, the analyst consensus on JBS is a Strong Buy with an average price target of $18.27, implying a 54.57% upside from current levels. In a report released on June 29, J.P. Morgan also maintained a Hold rating on the stock with a $18.00 price target.
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
Read More on JBS:
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