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$JBL plans to realign its global capacity and administrative support infrastructure in order to optimize organizational effectiveness in a more moderate growth environment. $JBL estimates that realignment shall result in about $195MM in total charges over 2-year period. $JBL now expects $120-150MM will be recorded in FY17 and balance during FY18.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.