Jabil price target raised to $145 from $125 at Argus

Argus analyst Jim Kelleher raised the firm’s price target on Jabil to $145 from $125 and keeps a Buy rating on the shares after its Q4 earnings beat and above-consensus guidance. Despite the challenging macro-environment, Jabil delivered mid-single-digit sales growth and low-double-digit core EPS growth, while its core operating income grew at approximately twice the rate of sales growth reflecting higher-quality mix and strong operating leverage, the analyst tells investors in a research note. The company is benefiting from expanding and fast-growing opportunities in vehicle electrification, connected healthcare, AI data center infrastructure, and core businesses, the firm added.