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Talk of the bay
Citigroup chooses Jabil as top pick in sector
By DAVE GUSSOW
Published January 16, 2006
It could be a good year for Jabil Circuit, according to tech analysts at Citigroup. They chose the St. Petersburg electronics manufacturer as their top pick in the Electronics Manufacturing Services sector.
"Our positive view on Jabil is based on our belief that Jabil will deliver above-industry-average and best-in-class revenue and profit growth," the Citigroup report said.
The analysts also cited potential for stock buyback or dividends. They set a target stock price of about $42 a share. Shares closed Friday at xxx, up/down xx. An economic slowdown could affect the rosy forecast, as it could lower anticipated revenue growth, the report says.
[Last modified January 13, 2006, 17:49:02]
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