Jabil price target raised to $165 from $150 at BofA

BofA raised the firm’s price target on Jabil (JBL) to $165 from $150 and keeps a Buy rating on the shares after the company reported a beat on revenue and EPS in fiscal Q1 and noted strength in cloud, data center infrastructure and digital commerce end markets. The firm sees the second half of FY25 as being stronger as higher margin end markets like semicap ramp and continues to see FY25 as a transition year as Jabil manages a portfolio transition and a weaker macro backdrop, the analyst tells investors.