JBL Rise After Upgrade

Jabil Circuit Inc JBL shares gained more than 5% on Wednesday. Needham & Co analyst Sean Hannan has upgraded JBL shares from “buy” to “strong buy.” Hannan cited a strong Q4 earnings and revenue performance as the reason for the upgrade. The target price for JBL remains unchanged at $23. JBL shares gained 5.16% to $14.47 at 10:33 am. Shares of Jabil Circuit gained 27.17% last month and have lost 19.58% so far this year. Read more from Benzinga's Company news.