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Fly News Breaks for March 5, 2018
JBT
Mar 5, 2018 | 08:03 EDT
BMO Capital analyst Joel Tiss raised his price target on John Bean Technologies to $125 after better than expected Q4 earnings. The analyst also points to the company's better than expected organic growth forecast and a lower tax rate in FY18, raising his EPS target for the year to $3.95 from $3.65. Tiss keeps his Outperform rating on John Bean Technologies, adding that the company's "very fragmented markets" and the goal of industry consolidation could prove the management's outlook to be conservative.
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