Morgan Keegan Maintains Outperform on Jack in the Box

Morgan Keegan is out with its report today on Jack in the Box

, maintaining Outperform. In its report, Morgan Keegan writes, "We maintain our Outperform rating on JACK. We project a $25 price target for JACK reflecting its improving SSS and earnings outlook and its accelerating growth prospects for its attractively positioned Qdoba fast casual Mexican brand. Our target price is supported by separately valuing JACK's gains from refranchising and its income from store operations." Shares of JACK closed Wednesday at $18.89.