Zacks Research downgraded Jabil (NYSE: JBL) from "strong-buy" to "hold."
The downgrade follows Jabil's recent quarterly results, which surpassed analyst expectations.
The company reported an EPS of $2.69, beating the consensus estimate of $2.51.
Quarterly revenue reached $8.28 billion.
This revenue figure represents a 23.1% year-over-year increase.
Broader analyst sentiment remains positive, maintaining a consensus "Moderate Buy" rating.
The report also noted recent insider selling by executive vice presidents.