Jabil Inc. Stock: Next Stop, $26?
It's been a great year for Jabil Inc. (NYSE: JBL) investors. Shares of the manufacturing-services specialist have climbed more than 20% so far in 2017, easily outpacing the S&P 500's respectable 14% rise.
However, on the heels of Jabil's most recent quarterly report two weeks ago, one analyst thinks it may be time to take some of those profits off the table. On Tuesday, Jabil fell more than 3% after Goldman Sachs analyst Mark Delaney downgraded the stock to sell from neutral. Delaney simultaneously reduced his per-share price target on Jabil from $28 to $26 -- a roughly 12% discount from Monday's close.
IMAGE SOURCE: JABIL
Source: Fool.com