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Fly News Breaks for July 10, 2015
JBL
Jul 10, 2015 | 07:27 EDT
Noting that Jabil's stock has fallen about 17% since it reported its Q3 results on June 17, Stifel blamed the decline partly on the company's weaker than expected guidance and revenue miss, as well as its incremental investments. However, the firm thinks the company's increased cap ex should result in revenue growth and margin expansion going forward. Moreover, Stifel predicts that the company's free cash flow will jump to about $400M in fiscal 2016, and it finds the stock's valuation compelling. The firm keeps a Buy rating on the shares.
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