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Fly News Breaks for June 7, 2016
AVT, JBL
Jun 7, 2016 | 05:37 EDT
Goldman Sachs analyst Mark Delaney downgraded Jabil Circuit (JBL) to Sell saying he sees downside to FY17 and FY18 consensus estimates. Jabil's exposure to areas like handsets and printing is creating revenue weakness while its expenses are rising, Delaney tells investors in a research note. He cut his price target for the shares to $17 from $19. The analyst this morning also upgraded Avnet (AVT) to Neutral.
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