Benzinga Breakfast Notes: Wedbush Lowers Jamba Price Target From $17 To $15
Highlights from Wedbush's note on Jamba, Inc. (NASDAQ: JMBA).
1. Jamba is now working to improve labor efficiency and mitigate higher fresh produce costs over the next few quarters.
2. Accelerating re franchising initiative.
3. Risks to attainment of our share price target include fluctuating consumer preferences, impact from weather, changes in minimum wage laws, product liability risk, competitive risk, licensing risk, geographic store concentration risk, and supplier concentration risk.
4. Improved operational and financial performance as Co. moves from largely company-owned to largely franchise owned model.
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