Jabil price target raised to $214 from $180 at JPMorgan

JPMorgan raised the firm’s price target on Jabil (JBL) to $214 from $180 and keeps an Overweight rating on the shares following the fiscal Q3 report. The firm continues to see Jabil as well positioned to leverage the higher relevance of electronic manufacturing services companies in artificial intelligence supplier ecosystem. The company is also pursuing high margin opportunities in different end-markets “to lay out a path to higher margin and earnings quality leading to a sustainable re-rating of the earnings multiple,” the analyst tells investors in a research note.