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.