RBC Capital analyst Amit Daryanani nudged his price target on Jabil to $30 rating after its "strong" Q1 results driven by a "combination of better than expected performance in both its DMS and EMS segments" and the upside in new business wins. The analyst also cites the company's raised FY19 revenue guidance forecast based on the management's expectations of "healthcare, packaging, automotive, 5G wireless and cloud contribute meaningfully" to its top line. Daryanani keeps his Sector Perform rating on Jabil, noting that its valuation is in line with its 10-year average trading multiple of 10-times forward 12-month earnings.