Baird analyst Mircea Dobre keeps an Outperform rating with a $145 price target on JBT Corp. (JBT) after the Marel shareholder vote passed with the transaction settlement expected on January 2. The firm views the transaction positively, with JBT a top idea for 2025. Baird sees improved demand coupled with a multi-year earnings growth opportunity stemming from Marel acquisition integration. JBT will change its corporate name to JBT Marel (JBTM), with a ticker symbol of JBTM.
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Read More on JBT:
- JBT Corp. initiated with an Outperform at CJS Securities
- JBT Corp. initiated with a Hold at Jefferies
- JBT Corp: van der Laan not anticipated to become a director of combined company
- John Bean Technologies Advances with Marel Acquisition
- JBT Corp. receives all regulatory clearances for Marel acquisition
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
