Baird cuts target for JBT Marel stock to USD 171.00

Published on 10/06/2026 at 04:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Four analysts rate JBT Marel stock Buy, two rate it Hold. Second-quarter 2026 revenue reached USD 981.0 million, up 4.90 percent year over year.

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Robert W. Baird cut its JBT Marel target from USD 188.00 to USD 171.00 on September 24, 2026, while keeping an outperform rating, according to MarketBeat. The change puts valuation and execution under closer scrutiny for the food and beverage technology company.

Target cut meets improving operations

JBT Marel reported USD 981.0 million of revenue in the second quarter of 2026, up 4.90 percent from the second quarter of 2025, while net income reached USD 28.0 million, according to JBT Marel. Diluted earnings per share came to USD 0.54 in the same period, compared with USD 0.86 in the first quarter of 2026.

The operating picture contains a stronger demand signal. Orders exceeded USD 1.0 billion for the third consecutive quarter, revenue produced a 1.05x book-to-bill ratio, and backlog reached a record USD 1.54 billion in the second quarter of 2026, the company said.

Margins and guidance set the test

Adjusted EBITDA margin was 17.10 percent in the second quarter of 2026, while net income margin was 2.90 percent, according to JBT Marel. The gap between the two margins highlights the importance of conversion from operating performance into bottom-line earnings.

MarketBeat reported that JBT Marel set fiscal 2026 guidance at USD 7.85 to USD 8.35 for earnings per share. Its survey showed four Buy ratings and two Hold ratings, with an average target of USD 164.80, giving the analyst view a more positive tone than the latest Baird target.

Euro reference stays dated

JBT Marel's prior close at Lang & Schwarz was EUR 97.75 on October 5, 2026. The primary listing is on the NYSE, while the company also trades on Nasdaq Iceland under JBTM.