Citigroup Raises Estimates For Jabil

Citigroup has published a research report for Jabil Circuit Inc. JBL. In the report, Citigroup writes "We are adjusting our revenue estimates to reflect Jabil's diversification efforts and lessening seasonality. While our top line growth numbers come in slightly, we believe JBL has made significant progress on restructuring & believe the ramping of the company's Green Point casing business is a future positive catalyst for the company, so are raising our margin assumptions and projected EPS slightly." Citigroup maintains its Buy rating and $22 price target. Jabil Circuit closed yesterday at $13.76.