Jabil price target raised to $120 from $115 at Stifel

Stifel analyst Matthew Sheerin raised the firm’s price target on Jabil to $120 from $115 and keeps a Buy rating on the shares ahead of the company reporting fiscal Q4 results and holding its annual investor briefing next week. Ahead of the events, the firm remains positive on the story given what it highlights as Jabil’s “balanced end-market portfolio, its strong position in key growth markets, and strong leadership.”