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Fly News Breaks for April 23, 2018
JBT
Apr 23, 2018 | 07:58 EDT
As reported previously, Baird analyst Mig Dobre downgraded John Bean Technologies to Neutral from Outperform citing valuation. The analyst said he sees opportunities for upside versus guidance, but sees the valuation multiple as peaking when juxtaposed against broader market multiple compression. Dobre maintained his $119 price target on John Bean Technologies shares.
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