Goldman Sachs Raises Jabil Circuit PT From $19 To $21

Goldman Sachs is raising its six-month price target on shares of Jabil Circuit, Inc. JBL to $21 (from $19), based on slightly higher blended multiple (9X P/E and 5X EV/EBITDA) to reflect the recent multiple expansion in the broader market. Jabil Circuit, Inc. closed Tuesday at $17.05.