Jabil shares are trading lower after JP Morgan maintained an Overweight rating on the stock and lowered its price target from $137 to $133.
Portfolio Pulse from Benzinga Newsdesk
Jabil shares are trading lower following JP Morgan's decision to maintain an Overweight rating but lower the price target from $137 to $133.
September 03, 2024 | 3:14 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
JP Morgan has maintained an Overweight rating on Jabil but reduced its price target from $137 to $133, causing the stock to trade lower.
The reduction in the price target by JP Morgan, despite maintaining an Overweight rating, suggests a less optimistic outlook on Jabil's short-term performance, leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100