Market Overview

UPDATE: Wedbush Upgrades Jack in the Box; Raises PT

Share:
Related JACK
Baird Makes The Case Why Jack In The Box Should Sell Qdoba
8 Biggest Price Target Changes For Friday

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.

Latest Ratings for JACK

DateFirmActionFromTo
Feb 2017Cowen & Co.DowngradesOutperformMarket Perform
Feb 2017SunTrust Robinson HumphreyUpgradesHoldBuy
Nov 2016BarclaysMaintainsEqual-Weight

View More Analyst Ratings for JACK
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Upgrades Price Target Analyst Ratings

 

Related Articles (JACK)

View Comments and Join the Discussion!