Mizuho Lowers PT on JBS N.V. (JBS) to $22 From $55, Keeps an Outperform Rating

JBS N.V. (NYSE:JBS) is one of the best undervalued defensive stocks to buy according to analysts. Mizuho lowered the firm’s price target on JBS N.V. (NYSE:JBS) to $22 from $55 on July 28, keeping an Outperform rating on the shares.

The firm told investors in a research note that it adjusted targets in the food producer group before the Q2 earnings reports.

Mizuho also stated that low stock valuations in the sector are attractive. However, they are overshadowed by growth concerns.

JBS N.V. (NYSE:JBS) is a food company that sells pork, beef, lamb meat, and poultry products. The company offers its products to club stores, supermarkets, other retail distributors, and foodservice companies.

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.

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