Jabil price target lowered to $143 from $151 at Goldman Sachs

Goldman Sachs analyst Mark Delaney lowered the firm’s price target on Jabil to $143 from $151 but keeps a Buy rating on the shares. The firm cites the company withdrawing its FY25 guidance due to the current visibility in certain end markets along with the unanticipated CEO transition, the analyst tells investors in a research note. The firm adds however that it remains positive on Jabil longer term and continues to believe that the company’s rising exposure to non-traditional markets with higher through-cycle growth and margin potential will support cycle to cycle earnings and free cash flow growth.