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Votorantim raises target price for JBS shares

After evaluating the results for the first quarter of this year, brokerage Votorantim Corretora has updated its estimates for JBS and raised the target price for shares from R$ 5.70 to $ 7.40. "The first quarter results were clearly affected by the poor performance of JBS USA," say Luiz Cesta and Paulo Prado, analysts at Votorantim, in a report.


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