MAY 24, 2006



Word on the Street


Banc of America Ups Jabil Circuit to Buy

Analyst Scott Craig says the company continues to demonstrate robust organic revenue growth


  STORY TOOLS
Printer-Friendly Version
E-Mail This Story
Reader Comments
  RELATED ITEMS
Word on the Street Archive

  PEOPLE SEARCH

Search for business contacts:

First Name :
Last Name :
Company Name :

PREMIUM SEARCH
Search by job title, geography and build a list of executive contacts

Search by Zoominfo

From Standard & Poor's Equity Research
Banc of America upgraded Jabil Circuit (JBL) to buy from neutral, noting the company's valuation.


Analyst Scott Craig says that along with weaker sentiment in tech, the EMS group, and headlines from the backdating options issue (which he believes will be a non-issue for JBL), the stock trades at only 15 times calendar year 2007 earnings per share (EPS) estimates. He also notes that its valuation premium to peers and the S&P 500 is due to better growth and execution. The company is at the lowest level in six months. He says the company continues to demonstrate robust organic revenue growth, and the best in class execution. He believes that near term business trends and the company's long-term business story is intact. He has a $43 stock price target.


All of the views expressed in this research report accurately reflect the research analyst's personal views regarding any and all of the subject securities or issuers. No part of analyst compensation was, is or will be, directly or indirectly related to the specific recommendations or views expressed in this research report.
Standard & Poor's Regulatory Disclosure

Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of Standard & Poor's, which operates separately from and independently of BusinessWeek Online. It is possible that BWOL may from time to time publish information that is not consistent with advice, analysis, or recommendations that are published by Standard & Poor's. Standard & Poor's and BusinessWeek Online are each units of The McGraw-Hill Companies, Inc.
 READER COMMENTS



 BW MALL   SPONSORED LINKS
Buy a link now!


Get BusinessWeek directly on your desktop with our RSS feeds.XML

Add BusinessWeek news to your Web site with our headline feed.

Click to buy an e-print or reprint of a BusinessWeek or BusinessWeek Online story or video.

To subscribe online to BusinessWeek magazine, please click here.

Learn more, go to the BusinessWeekOnline home page

Back to Top
Advertising | Special Sections | MarketPlace | Knowledge Centers

Terms of Use | Privacy Notice | Ethics Code | Contact Us

Copyright 2000- 2009 by The McGraw-Hill Companies Inc.
All rights reserved.

McGraw-Hill Cos.

TODAY'S MOST POPULAR STORIES

  1. Apple's Schiller Defends iPhone App Approval Process
  2. Developers Look Past Apple's Jammed iPhone App Store
  3. Cisco's Extreme Ambitions
  4. Wall Street: Is It Good to Apologize for Greed?
  5. Picks of the Week: Intel, RIM, Wells Fargo

Get Free RSS Feed >>
  MARKET INFO
DJIA 10450.95 +132.79
S&P 500 1106.24 +14.86
Nasdaq 2176.01 +29.97

Portfolio Service Update

Stock Lookup

Enter name or ticker