Jabil initiated with an Outperform at Baird

Baird analyst Luke Junk last night initiated coverage of Jabil (JBL) with an Outperform rating and $275 price target Jabil has a “clear vision of being the best manufacturer globally,” the analyst tells investors in a research note. The firm says the company has emerged as a key AI enabler with “multiple paths to growth.” Baird likes Jabil’s increasingly U.S.-based footprint amid trade protectionism.