Stifel analyst Matthew Sheerin raised the firm’s price target on Jabil to $140 from $130 and keeps a Buy rating on the shares following “a Q4 print that was better than expected,” which came along with “a rather cautious first take on its FY25 outlook,” as expected. Management guided to a long-term sales compound annual growth rate of 5%-7% and FY25 EPS guidance implies margin pressure on lower capacity utilization, with margins improving through FY25, the analyst tells investors.
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