JP Morgan Maintains Overweight on Jabil, Lowers Price Target to $146
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samik Chatterjee has maintained an Overweight rating on Jabil (NYSE:JBL) but reduced the price target from $150 to $146.

November 29, 2023 | 7:44 pm
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JP Morgan has maintained an Overweight rating on Jabil but lowered the price target from $150 to $146, indicating continued confidence but with a slightly reduced growth expectation.
The reduction in price target by JP Morgan is a minor adjustment, suggesting a slight tempering of expectations rather than a significant change in the company's outlook. As the rating remains Overweight, the overall sentiment is still positive, which may mitigate any negative reaction to the reduced price target. However, the new target could lead to some short-term price adjustments as the market digests this new information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100