RBC Capital analyst Robert Muller initiated coverage of Jabil with a Sector Perform rating and $41 price target. While the company has made strides to diversify within Apple, any slowdown in iPhone sales would negatively affect Jabil, Muller tells investors in a research note. Further, the company's high fixed costs leave its margins and earnings exposed to potential macro slowdown, adds the analyst.

In a regulatory filing, the company stated: "On April 15, 2024, Mr. Kenneth S. Wilson, CEO and Director of Jabil Inc., was placed on a paid leave pending completion of an investigation related to corporate policies. The conduct that prompted this review does not relate to, and does not impact, the Company's financial statements or financial reporting. Effective as of April 19, 2024, the Company's Board of Directors appointed Mr. Michael Dastoor, Chief Financial Officer, to serve as the Company's interim Chief Executive Officer. Information about Mr. Dastoor can be found in, and is incorporated into this Item 5.02 by reference to, the Company's Annual Report on form 10-K filed with the Securities and Exchange Commission on October 20, 2023. Mr. Mark T. Mondello continues in his role as Executive Chairman of the Board of Directors."