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Jabil Circuit (JBL) Stock Gaining, Upgraded at Raymond James

NEW YORK (TheStreet) -- Jabil Circuit (JBL) stock is up 4.58% to $20.33 in mid-morning trading as Raymond James upgraded its rating to 'strong buy' from 'outperform' on Friday.

The firm lifted its stock price target for the St. Petersburg, FL-based electronic manufacturing company to $26 from $21, the Fly reports. Jabil Circuit supplies materials used to make casing for Apple (AAPL) phones.

Volatility from Apple has been dominating Jabil's outlook, particularly its "meaningful cash flow and capital return inflection," the firm said in an analyst note. As the...