Jabil price target raised to $208 from $157 at UBS

UBS raised the firm’s price target on Jabil (JBL) to $208 from $157 and keeps a Neutral rating on the shares. Jabil’s Cloud/DCI business continues to experience above-trend demand, driving “Intelligent Infrastructure” revenue up 51%, an acceleration from 18% growth last quarter, the analyst tells investors in a research note. The firm believes AI-driven volume upside is likely the key driver of the stock near-term, the firm says.