Deals
Worst Beef Bet JBS Set to Beat Peers After M&A: Corporate Brazil
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JBS SA, the worst-performing stock among meat companies in the Americas this year, is now forecast to post the biggest rally as the maker of Swift steaks says cheap Brazilian cattle will drive profit growth and reduce debt.
Shares in the supplier of restaurant chains from McDonald’s to Outback will gain 42 percent in the next 12 months, the most among beef producers worldwide, according to the average of 17 price estimates tracked by Bloomberg. The stock has lost investors 13 percent this year compared with Tyson Foods Inc.’s