JBS N.V. (NYSE:JBS) is considered an undervalued defensive stock to buy, with Mizuho lowering its price target to $22 from $55 on July 28. The food producer group’s valuations are attractive but overshadowed by growth concerns. JBS sells pork, beef, lamb meat, and poultry products to various distributors.

Investors are questioning Jim Cramer’s warning against buying Beyond Meat (BYND) a year ago, as Mizuho notes low stock valuations in the sector are appealing but growth concerns remain. JBS N.V. (NYSE:JBS) is a food company offering a range of meat products to retailers and foodservice companies.

While JBS presents investment potential, some believe AI stocks offer greater upside with less risk. For those interested in undervalued AI stocks, a report on the best short-term AI stock is available. No disclosures were made in this article originally published on Insider Monkey.

Read more at Yahoo Finance: Mizuho Lowers PT on JBS N.V. (JBS) to $22 From $55, Keeps an Outperform Rating