- Goldman Sachs analyst Mark Delaney upgraded Jabil Inc JBL to Buy from Neutral with a price target of $75, up from $63, implying a 15% upside.
- "Fast-growing" end markets, including electric vehicles and cloud, are becoming an increasingly large percentage of the company's portfolio, which should allow Jabil to sustain "solid" sales growth.
- The company's newer businesses and improving diversification within Apple Inc AAPL have helped the shares outperform, and this can continue, says the analyst.
- Jabil is engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production, and product management services to various industries and end markets.
- Price Action: JBL shares traded higher by 5.66% at $65.22 on the last check Friday.
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