Jabil Upgraded By S&P

Jabil Circuit JBL was upgraded to "buy" from "hold" by Standard & Poor's on the basis of attractive valuation. S&P did lower its price target on the shares to $17 from $19. Analyst Tom Smith said Jabil should benefit from an industry upturn that should last through next year and noted that Jabil's 2% yield "adds appeal" to the shares.