J.P. Morgan Reiterates OW Rating For JBL

J.P. Morgan has published a report maintaining the Overweight Rating for Jabil Circuit JBL.

According to the report, "Approaching FQ2 results and FQ3 guidance on Mar. 22 our long-term investment view remains constructive. However, we recognize Jabil could be challenged in the near term to demonstrate its clear revenue growth and margin improvement strategy. We expect headwinds from both the February reacquisition of divested France and Italy manufacturing operations and from end-demand and supply-chain disruptions created by the Japan earthquake."

JBL has a $26 PT and closed at $18.80 yesterday.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst RatingsElectronic Manufacturing ServicesInformation TechnologyJ.P. MorganJabil Circuit
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!