Friday December 21, 06:36 PM
Jabil Circuit "outperform," target price reduced - update
NEW YORK, December 21 (newratings.com) - Analyst W Stein of Credit Suisse maintains his "outperform" rating on Jabil Circuit Inc (NYSE: JBL - news)
(ticker: JBL). The target price has been reduced from $24 to $20.
In a research note published this morning, the analyst mentions that the company has reported its F1Q EPS and revenues ahead of the estimates. Jabil Circuit has issued its revenue and EPS guidance for F2Q at $3.0-$3.1 billion and $0.16-$0.20, respectively, significantly short of the consensus. The company has also announced its revenue and EPS guidance for FY08 at $13.0-$13.4 billion and $1.20-$1.50, respectively, short of the consensus.
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