Stifel analyst Matthew Sheerin maintained a Hold rating on Jabil and raised his price target on the shares to $43 from $34 following the company's first quarter earnings report. Sheerin said that the beat-and-raise caps a string of several quarters of "solid" execution amid an uncertain macro environment, which has led to "modest" multiple expansion, which he views as well-deserved. The analyst also updated his forward estimates for the company, raising his fiscal 2020 earnings per share and revenue views to $3.61 and $26.71B from $3.43 and $25.99B, respectively.