BUZZ-Barclays raises Jabil's PT; shares rise

Reuters12-18
BUZZ-Barclays raises Jabil's PT; shares rise

** Shares of electronics firm Jabil JBL.N rise 1.7% to about $220

** Barclays raises Jabil's price target to $283 from $267, reiterates "overweight" rating

** New PT represents an upside of 30.8% from stock's last close

** Brokerage says JBL is ahead of schedule for upgrading its rack and server manufacturing facilities to accommodate liquid cooling, providing upside potential for the second half of 2026 and beyond

** We expect further operating margin expansion moving into FY27, with acceleration in the second half of FY27, as the Croatia GLP1, a class of drugs for diabetes/weight loss, facilities come online - Barclays

** Brokerage raises JBL's FY27 EPS estimate to $14.15 from $13.36 earlier

** On Wednesday, Jabil forecast FY revenue and profit above Wall Street estimates, as it looks to capitalize on AI-driven demand for data centers

** Including session's moves, shares up 53.3% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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