Jabil price target raised to $145 from $130 at BofA

BofA raised the firm’s price target on Jabil to $145 from $130 and keeps a Buy rating on the shares. The company’s fiscal Q4 earnings call and analyst day highlighted management’s focus on driving margin expansion, free cash flow and shareholder returns, the analyst tells investors. Management’s guidance for the next two fiscal years was “much stronger than we expected,” but guidance has been “historically conservative,” says the firm, which sees it and Street estimates as “beatable.”