Analysts adjust Jabil targets after earnings

Published 12/19/2018, 10:32 AM
© Reuters.  Analysts adjust Jabil targets after earnings
JBL
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  • RBC Capital maintains a Sector Perform rating on Jabil (NYSE:JBL) but raises the target from $29 to $30.
  • Analyst Amit Daryanani views the earnings results as strong but notes that Q2 guidance implies a 40 percentage point Y/Y decrease decline in operating margins due to new business costs.
  • More action: Stifel maintains a Hold rating on Jabil and lowers the target from $30 to $27 citing lower multiples and new program ramp risks.
  • Source: StreetAccount.
  • Jabil shares are up 6.8% to $23.75.
  • Previously: Jabil +10% on Q1 beats, upside revenue guide (Dec. 18)
  • Now read: Jabil Inc. 2019 Q1 - Results - Earnings Call Slides


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