Barclays lowered the firm’s price target on Jabil to $151 from $153 and keeps an Overweight rating on the shares. The analyst fine-tuned the company’s model to incorporate the Mobility sale, which closed at the end of December.
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- Early notable gainers among liquid option names on December 29th
- Jabil (NYSE:JBL) Lowers Outlook; Expects Stock Buybacks of $2.5B in FY24
- Jabil reaffirms FY24 core EPS view of $9.00 or more, consensus $9.13
- Jabil lowers Q2 core EPS view $1.43-$1.83 from $1.73-$2.13, consensus $1.93
- Jabil completes divestiture of mobility business to BYD Electronic
