Jabil Circuit unlikely to cut EPS outlook further, says RBC Capital After Jabil Circuit provided weaker than expected guidance for its February quarter, RBC Capital thinks the stock should find support around $15, and it believes the company still has several upcoming positive catalysts. The firm reduced its price target on the shares to $19 from $24 but keeps an Outperform rating on the stock.
News For JBL From The Last 14 Days
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Jabil Circuit downgraded at RBC Capital As noted earlier, RBC Capital downgraded Jabil Circuit (JBL) to Sector Perform from Outperform. As reasons for the downgrade, the firm cited concerns about Jabil circuit's largest customer, Apple (AAPL), as well as its belief that Jabil's FY15 guidance appears to reflect a best-case scenario. Target to $20 from $21.