Jabil price target raised to $155 from $145 at BofA

BofA raised the firm’s price target on Jabil to $155 from $145 and keeps a Buy rating on the shares. As Jabil joins the S&P 500 Index, the shares are up about 100% year-to-date, the analyst tells investors in a research note. However, the firm believes the company remains a good investment. Jabil is tied to end markets with long-term secular growth – electric vehicles, digital health, cloud, and renewable energy – and is well diversified, which helps during economic downturns, says BofA. It believes the stock’s long-term thesis remains intact.