JPMorgan Chase & Co. has cut its price target for JBS (NYSE:JBS) from $18.00 to $17.50 in a report issued on Wednesday.
The firm currently has an 'overweight' rating on the stock, suggesting a potential upside of 32.83% from the company's previous close.
JBS reported revenue of $23.90 billion for the quarter, up 13.8% year over year, but earnings fell short of the $0.32-per-share consensus at $0.20 per share.
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