Needham & Company Reiterates a 'Strong Buy' on Jabil Circuit (JBL); Still Looking Strong Following Recent Time With Management

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

Needham analyst says, "Following our time with management this week and recent commentary at investor events, we continue to be positive on
Jabil’s strategy, positive mix momentum, continuously improving lean culture, and runway for growth and margin expansion. Further, we believe JBL has a solid pipeline of business that is positioned to drive healthy growth the next 12+ months (even in a sluggish macro environment), while DMS & Specialized Services (namely, Materials Tech) should continue to stand out."

For an analyst ratings summary and ratings history on Jabil Circuit click here. For more ratings news on Jabil Circuit click here.

Shares of Jabil Circuit closed at $20.23 yesterday.

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