Argus Reaffirms Buy on Jabil at $475 as Targets Turn Mixed

Argus reaffirmed its buy rating on Jabil and set a $475 price target. The broader analyst consensus remains positive, with one strong-buy, nine buy and one hold rating, although brokerages have made mixed target adjustments, including cuts from Barclays and Goldman Sachs. Jabil also reported quarterly earnings of $4.40 per share and revenue of $10.62 billion, topping analyst estimates; revenue rose 28.6% from a year earlier.