Standpoint Research Downgrades Jabil Circuit (JBL) to Hold
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UPDATE: UBS Raises Jabil Circuit (JBL) to 'Buy' Ahead of Q4 Results
September 21, 2016 7:21 AM EDT(Updated - September 21, 2016 9:09 AM EDT)
UBS upgraded Jabil Circuit (NYSE: JBL) from Neutral to Buy with a price target of $27. Analyst Steven Milunovich sees an inflection in cash flow, and he highlighted better near-term iPhone results and "more aggressive telling of its story by management."
Notable, Jabil reports Q4 results after the market close today, and it will hold an analyst and investor meeting in St. Petersburg, Florida, on September 27, 2016.
Milunovich explained his upgrade, "We have been bullish on the makeover that EMS companies are going through with customer... More
