Deutsche Bank Raises JBL PT to $20

Deutsche Bank has raised the Price Target of Jabil Circuit JBL from $19.50 to $20.00. In the report Deutsche Bank writes, "Based on our higher growth assumptions, we have raised our FY-11 and FY-12 estimates. Our revised price target of $20 (up from $19.50) implies that Jabil trades at 10x our CY-11 EPS estimate of $2.02 including options. With the shares currently trading near these levels and in line with peers, we rate Jabil a Hold. Positive risks: improved margins in the HVS and significant new deal wins. Negative risks: weaker demand trends in HVS and the loss of a top customer." JBL has a Hold Rating and closed yesterday at $18.93.