J.P. Morgan Reiterates Overweight on Jabil Circuit (JBL)

J.P. Morgan is out with its report today on Jabil Circuit

, reiterating Overweight. In a note to clients, J.P. Morgan writes, "We continue to believe mix shift toward higher margin, non-traditional mechanicals and aftermarket services, as well as higher margin industrial, medical, and clean tech EMS businesses and away from lower margin mobile devices, networking, and computing are driving sustainable above-peer revenue growth and operating margin improvement. Reiterate Overweight." J.P. Morgan has a $26 PT on JBL. Shares of JBL closed yesterday at $21.30, down 1.16% from Monday's close.