UPDATE: Goldman Sachs Resumes Coverage on Jabil Circuit on Weaker Growth, Reasonable Valuation

In a report published Wednesday, Goldman Sachs analyst Mark Delaney resumed coverage on Jabil Circuit (NYSE: JBL ) with a Neutral rating and $22.00 price target. In the report, Goldman Sachs noted, “We expect Jabil's fundamentals to be pressured over the next few quarters as it substantially ends its business