Benzinga
Read Why Goldman Sachs Turned Bullish On Jabil
Goldman Sachs analyst Mark Delaney upgraded Jabil Inc (NYSE: JBL) to Buy from Neutral with a price target of $75, up from $63, implying a 15% upside. “Fast-growing” end markets, including electric vehicles and cloud, are becoming an increasingly large percentage of the company’s portfolio, which should allow Jabil to sustain “solid” sales growth. The company’s newer businesses and improving diversification within Apple Inc (NASDAQ: AAPL) have helped the shares outperform, and this can continue,
