Bank of America Securities Sticks to Its Sell Rating for JBT Marel (JBTM)
In a report released yesterday, from Bank of America Securities maintained a Sell rating on JBT Marel. The company’s shares closed yesterday at $141.31.
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The word on The Street in general, suggests a Hold analyst consensus rating for JBT Marel with a $150.00 average price target.
Based on JBT Marel’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1 billion and a net profit of $66 million. In comparison, last year the company earned a revenue of $453.8 million and had a net profit of $38.9 million
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