Bullish Case: JBT shows stronger 2023 earnings with a 5% revenue growth forecast, sound balance sheet, and synergy from the Marel merger possibly enhancing long-term value despite short-term dilution fears.


Bearish Case: Potential dilution from the Marel merger, increased debt levels, and underwhelming current trajectory may suppress stock values, undermining operational synergy benefits and heightening financial risk.


Potential Outcomes:

1. Marel merger proves accretive, increasing EPS: 40% chance.

2. High debt stifles growth, drops share price: 30% chance.

3. Market conditions enhance tech adoption boosting JBT: 20%.

4. Negative unforeseen events cause further drops: 10%.


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April 23, 2024


John Bean Forecast

JBT        John Bean
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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