Why Jabil (JBL) Shares Are Plunging Today
Shares of electronics manufacturing services provider Jabil (NYSE:JBL) fell 5.1% in the afternoon session after Goldman Sachs lowered its price target on the company's shares to $375. According to StreetInsider, Goldman Sachs analyst Mark Delaney adjusted the firm's price target downward, reflecting a more cautious valuation stance on the electronic manufacturing services company. When a major Wall Street institution reduces its price objective, investors frequently recalibrate their expectation
What This Story Means
Claude is explaining the story in plain words…
Read the Full Story at the Source
The summary here comes from the news provider; the rest of the article lives on the publisher's site: Yahoo