BMO Cuts JBS Price Target but Keeps Outperform Rating

JBS N.V. (NYSE:JBS) is one of the 10 Stocks Under $20 to Buy According to Analysts. On October 14, BMO Capital reduced its price target on JBS N.V. (NYSE:JBS) from $19 to $17 and kept an Outperform rating.

BMO Capital now has a softer outlook for Pilgrim’s Pride Corporation (NASDAQ:PPC) and expects weaker margins for US beef packers. This led the firm to reduce its estimates for JBS N.V. (NYSE:JBS) for 2025 and 2026.BMO Cuts JBS Price Target but Keeps Outperform Rating

However, BMO Capital is still more optimistic about JBS N.V. (NYSE:JBS) than other companies in the protein industry. The research firm noted that the company has a diversified business model, including beef operations outside the US.

The firm also pointed out that the recent drop in the stock price was excessive. BMO Capital noted that JBS N.V. (NYSE:JBS) trades at just over 6.5 times the firm’s estimated EBITDA for the company for 2026. This suggests that the stock may be undervalued.

JBS N.V. (NYSE:JBS) is a leading global food company that produces meat and poultry products. It also owns a majority stake in Pilgrim’s Pride Corporation (NASDAQ:PPC), one of the largest poultry producers in the world.

While we acknowledge the potential of JBS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best American AI Stocks to Buy According to Analysts and 11 Dirt Cheap Stocks to Buy According to Analysts.

Disclosure: None. This article is originally published at Insider Monkey.

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