Citi analyst Jim Suva removed Jabil from the firm’s US Focus list but keeps a Buy rating on the shares with an $85 price target. Jabil remains the analyst’s top engineering, manufacturing and supply chain stock pick for 2023. Jabil has strategically changed its operations to higher-profit production, as well as key outsourcing value-added relationships, including automotive, healthcare, and cloud, Suva tells investors in a research note.
Published first on TheFly
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