Citigroup raised its price target for Jabil Circuit (NYSE:JBL) to $22 from $19 and maintained its hold rating on the stock.
The bank sees 2012 EPS of $2.53 and 2013 EPS of $2.69.
Jabil Circuit has a potential upside of 15.5% based on a current price of $18.83 and an average consensus analyst price target of $21.75.
Jabil Circuit is currently above its 50-day moving average (MA) of $16.78 and should find resistance at its 200-day MA of $19.41.
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