Aug. 11 at 1:29 PM
$JBL UBS upgrades from neutral to buy,
$430. "We upgrade Jabil to Buy on a multiyear growth cycle fueled by AI investment from Amazon, Meta, and Google, rising healthcare demand as capacity comes online, and scaling automation and robotics markets. These drivers should lift revenue and FY27 operating margin above 6%. Although our EPS estimates are only modestly above consensus, we expect a beat-and-raise cadence next year to support a roughly 22x P/E, versus a high-teens multiple on out-year earnings, as our EPS growth forecast exceeds market expectations by ~ 150 bps." (No position.)
