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Jabil Circuit estimates lowered at at Stifel

Stifel reduced its EPS estimate for Jabil's (JBL) November quarter to 58c from 63c, due to BlackBerry's (BBRY) weaker than expected smartphone sales. The firm lowered its FY14 EPS estimate for Jabil to $2.44 from $2.57 but keeps a $26 price target and Buy rating on the stock.