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Technology Stocks : Jabil Circuit (JBL) -- Ignore unavailable to you. Want to Upgrade?


To: Asymmetric who wrote (6085)9/18/2002 5:51:44 PM
From: Asymmetric  Respond to of 6317
 
Jabil Brokerage Firm Comments - Briefing.Com

Jabil Circuit (JBL) 17.23 -0.31: Although shares have spent most of the day struggling in negative territory on Prudential's recommendation to remain on sidelines, JBL has advanced about 6% from morning's levels in anticipation of in-line earnings announcement, expected tomorrow after market close. Salomon Smith Barney believes Outperform-rated techie has made its bottom, from an operations standpoint, and is in growth mode. Although warning of flimsy overall demand going forward, J.P. Morgan thinks JBL has substantial backlog of new revs streams supporting sequential growth; believes co. has best forward prospects for earnings growth and ROIC metrics in industry; expects shares to commend mid-$20's valuations; reiterates Buy rating. Despite upward swing in today's session, shares are still 1.8% down for the day.