BofA analyst Ruplu Bhattacharya lowered the firm’s price target on Jabil to $135 from $150 and keeps a Buy rating on the shares after the company reported fiscal Q3 results and reaffirmed 2024 guidance. The firm says there “likely is some conservatism baked into management’s outlook,” but it is lowering its FY25 revenue and EPS estimates to $27.7B and $9.35, respectively.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JBL: