Needham & Company Reiterates a 'Strong Buy' on Jabil Circuit (JBL); Analyst Day Focuses On Continued Growth Drivers & Differentiation

Needham & Company reiterates a 'Strong Buy' on Jabil Circuit (NYSE: JBL), PT $26.

Needham analyst says, "Jabil’s foresight and early investments to strategically reposition itself for higher quality market opportunities are paying dividends. Overall, the focus of the businesses in DMS should: (1) drive growth above the broader technology market; (2) improve JBL’s margin profile; (3) create a less volatile/more sticky business; and (4) establish further differentiation above
many of its EMS brethren. Consequently, we reiterate our Strong Buy and $26 target based on <11x our NTM forecast of $2.40 (ex. options)."

For more ratings news on Jabil Circuit click here and for the rating history of Jabil Circuit click here.

Shares of Jabil Circuit closed at $20.47 yesterday.

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