Barclays Maintains Overweight on Jabil, Lowers Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst George Wang has maintained an Overweight rating on Jabil (NYSE:JBL) but reduced the price target from $144 to $135.
November 29, 2023 | 11:40 am
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Barclays has maintained an Overweight rating on Jabil but lowered the price target from $144 to $135, indicating a positive outlook with a reduced growth expectation.
While the Overweight rating suggests that Barclays believes Jabil will outperform the market or its sector, the reduction in the price target may reflect a tempered expectation for the stock's growth potential. This could lead to a neutral short-term impact as the positive rating is counterbalanced by the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100