Jabil price target raised to $206 from $184 at Barclays

Barclays analyst George Wang raised the firm’s price target on Jabil (JBL) to $206 from $184 and keeps an Overweight rating on the shares. The firm continues to like Jabil shares heading into the earnings print, believing demand strength in cloud should more than offset near-term headwinds in key verticals such as electric vehicles, renewables and pockets of industrials against the backdrop of macro uncertainty.