Market Overview

UPDATE: Wedbush Upgrades Jack in the Box; Raises PT

Related JACK
CNBC's Stock Pops & Drops From August 7
S&P 500 Falls To Two-Month Low, Dow Drifts Further Away From The 17,000 Mark
Here's How McDonald's Can Get its Mojo Back (Fox Business)

According to a research report published this morning, Wedbush has upgraded Jack in the Box (NASDAQ: JACK) from Underperform to Neutral, and raised PT from $21 to $25.

In the report, Wedbush said, "We are raising JACK to NEUTRAL from UNDERPERFORM. We believe JACK is positioned to benefit from a recent easing in industry-wide price-centric competition, as well as easing commodity costs in the near term. We believe JACK's current valuation properly reflects improved JIB profitability, as well as continued Qdoba underperformance."

Jack in the Box closed Friday at $24.87.

Posted-In: WedbushAnalyst Color Upgrades Price Target Analyst Ratings

 

Related Articles (JACK)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters