Barclays Maintains Overweight on Jabil, Lowers Price Target to $149
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst George Wang maintains an Overweight rating on Jabil (JBL) but lowers the price target from $151 to $149.

March 18, 2024 | 10:29 am
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NEUTRAL IMPACT
Barclays maintains an Overweight rating on Jabil but lowers the price target from $151 to $149.
While the reduction in price target from $151 to $149 by Barclays might suggest a slight adjustment in valuation expectations, the maintenance of an Overweight rating indicates a continued positive outlook on Jabil's stock. This mixed signal could lead to neutral short-term price movement as investors weigh the slight price target reduction against the overall positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100