Citing increased sales and a positive EPS surprise, Citigroup Capital markets raised its price target for Jabil Circuit JBL to $22 from $19. Citi also reiterated its Buy rating on the stock.
Citi noted "the potential for more margin accretion should demand remain firm, positive cycle timing [will] be positive on the sector and new ramps in mobile and mechanicals could boost sales & EPS."
Jabil Circuit's principal activity is to provide electronic manufacturing services and solutions worldwide. Shares are trading up today, to $14.92.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsCitigroup Global MarketsElectronic Manufacturing ServicesInformation Technology
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