Plus   Neg

Jabil Under Pressure After J.P. Morgan Lowers Price Target

Shares of Jabil (JBL) saw strength in pre-market trading on Friday but have come under pressure in the regular trading session. After hitting its lowest intraday level in over a month, Jabil is currently down by 6 percent.

The drop by Jabil comes after J.P. Morgan lowered its price target on the manufacturing services provider's stock even though the company reported fiscal third quarter earnings that exceeded expectations.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Electric Co. filed a lawsuit against Siemens Energy AG, accusing the German power distribution company of stealing trade secrets for gas turbines. Siemens Energy allegedly used the information to get at least nine contracts to supply gas turbines to public utilities, and also covered up improper business gains. Following a court ruling, the U.S. Food and Drug Administration postponed the effective date for tobacco manufacturing companies to display new health warnings on cigarette packets and in advertisements, by additional 90 days. The warnings with color images is to promote greater public understanding of the negative health consequences of smoking. JPMorgan Chase & Co (JPM) reported strong results in the fourth quarter of 2020, with net profit up 42% largely driven by credit reserve releases of $2.9 billion. The Group said it ended the year with a CET1 ratio of 13.1% and capital above $200 billion, providing with meaningful capacity to further...
Follow RTT