BUZZ-BofA raises Jabil PT on "secular" growth

Reuters · 09/27 15:01
BUZZ-BofA raises Jabil PT on "secular" growth

** BofA raises target price for electronic components maker Jabil JBL.N to $150 from $135, a 18% upside to the stock's last close

** Brokerage maintains "Buy" rating citing tailwind from "secular" growth in Automotive (EV), healthcare, industrial (renewables), recovery in semiconductor capital equipment, and growing Cloud business, which outweigh risks from continuing uncertain macro

** Eight of 11 brokerages rate the stock "buy" or higher and three "hold"; median PT is $145 -LSEG data

** Up to Thursday's close, JBL down 0.58% YTD


(Reporting by Anshuman Tripathy in Bengaluru)

((Anshuman.Tripathy@thomsonreuters.com;))