Goldman Sachs reinstated coverage of Jabil with a Buy rating and $141 price target. Following the divestiture of its Mobility business in a transaction valued at $2.2B, the company offers attractive longer-term EPS and free cash flow growth given its meaningful exposure to end markets such as hyperscale datacenter, EVs/ADAS, renewables, and healthcare, the analyst tells investors in a research note. These end markets also typically have above average margins, long product cycles, and solid long-term revenue growth, the firm added.
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