BofA analyst Ruplu Bhattacharya raised the firm’s price target on Jabil (JBL) to $280 from $265 and keeps a Buy rating on the shares after having hosted an investor meeting with some member of senior management. Noting that demand in the Intelligent Infrastructure business is seen remaining strong at least for the next 24-36 months, the firm applies a higher multiple on more confidence in revenue growth and margin expansion.
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