JPMorgan Reduces PT on JBS N.V. (JBS) to $20 From $21

Group 1 - JBS N.V. is considered one of the best large-cap stocks with more than 50% upside potential [1] - JPMorgan analyst Lucas Ferreira reduced the price target for JBS N.V. to $20 from $21 while maintaining an Overweight rating [1][2] - Barclays analyst Benjamin Theurer maintained a Buy rating on JBS N.V. with a price target of $22 [3] Group 2 - The US chicken margin is expected to be challenging for JBS N.V. in the near term following a 23.5% price drop from its recent peak [2] - The industry is experiencing higher-than-expected supply due to better mortality and placements, despite anticipated price drops after summer [2] - JBS N.V. is a food company that sells pork, beef, lamb meat, and poultry products to various retail and foodservice channels [3]