Here's Why You Should Retain John Bean Technologies For Now
Zacks Investment Research | Dec 15, 2019 10:11PM ET
John Bean Technologies Corporation (NYSE:JBT) is on track with its Elevate plan that aims to drive persistent growth and margin expansion, and strategic acquisition program. Its ongoing restructuring plan will help improve effectiveness and productivity across all business units. Growing demand for protein, beverages and ready-to-eat meals are likely to be major drivers. However, lower order rates in the FoodTech segment and input cost inflation remain headwinds in the near term.
So far this year, the company’s shares have surged 59.4%, outperforming the Zacks Investment Research
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