Bank of America Merrill Lynch Maintains Buy on Jabil Circuit

Bank of America Merrill Lynch is out with its report today on Jabil Circuit JBL, maintaining Buy. In a note to clients, Bank of America Merrill Lynch writes, "Jabil is one of the leaders in providing high mix, low volume solutions to OEMs. The company has significant incremental operating leverage that should manifest itself over the coming years as revenues growth accelerates with minimal incremental investments." Bank of America Merrill Lynch maintains its $25 PO on JBL. Shares of JBL closed Thursday at $18.60, down 1.69% from Wednesday's close.