J.P. Morgan Increases PT On Jabil Circuit From $26.00 To $27.50 (JBL)

In a recent report, J.P. Morgan has increased the price target on Jabil Circuit JBL from $26.00 to $27.50 after an optimistic Analyst Day yesterday. In the report, J.P. Morgan said, "We continue to believe Jabil is well-positioned to outgrow peers on a revenue and earnings basis enabled by its rapidly growing, high-margin Green Point component business and ramping opportunities in non-traditional EMS industries where outsourced manufacturing penetration is low." JBL closed yesterday at $20.47.