Needham & Company Reiterates a 'Strong Buy' on Jabil Circuit (JBL); Bucking The Trend - Despite Fears Of Contagion, JBL Delivers Strong F4Q & Solid Outlook

Needham & Company reiterates a 'Strong Buy' on Jabil Circuit (NYSE: JBL) price target of $26.00.

Needham analyst says, "Jabil has done an excellent job diversifying its business and ramping new programs as the company exhibited 23% growth during F11 in an unimpressive macro environment. Despite broader economic concerns and some caution at OEMs, we expect solid growth at JBL to continue (driven largely by new programs in DMS and share gains in E&I) albeit at a more tempered pace. Aided by its mix trajectory, “continuous improvement” lean efforts, and recent share buyback, we expect earnings to continue on a double-digit trajectory."

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 $17.38 yesterday.

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