BofA raised the firm’s price target on Jabil (JBL) to $180 from $165 and keeps a Buy rating on the shares. After having hosted an investor call and in-person investor meetings with, the CEO, CFO and Vice President of the Intelligent Infrastructure segment, the firm walked away confident in multiple avenues for growth including cloud, semicap, healthcare, and in the longer-term EVs, noting that it now uses a slightly higher multiple given more confidence on revenue growth.
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