Stifel resumed coverage of Jabil (JBL) with a Buy rating and $245 price target The majority of Electronic Manufacturing Services companies have significantly outperformed year-to-date, notes the analyst, who believes that multiple expansion can be attributed to ongoing improvement in end-market mix, margin expansion, and increasing exposure to AI-related data center infrastructure investment. The firm believes it is just “the early innings of a long-tailed AI infrastructure investment cycle” and believes Jabil is well-positioned to benefit, the analyst added.
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