Baird remains a buyer of JBT Corporation shares after hosting investor meetings with management. While poultry capex “appears to be tepid currently,” JBT’s end-market diversification, high recurring revenue and “favorable positioning” in front of secular trends like automation, efficiency, sustainability and globalization position the company well going forward, the analyst tells investors in a research note. The firm keeps an Outperform rating on JBT with a $128 price target.
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