Truist lowered the firm’s price target on Jack in the Box (JACK) to $16 from $19 and keeps a Hold rating on the shares. The company’s Q4 comps and adjusted EBITDA missed estimates, and while the management is taking the right steps to rebuild SSS with deeper value, increased innovation, improved service levels and the start of a remodel program, it is early with each, while its core consumer – lower-income and Hispanic – remain pressured, providing little visibility on the pace of recovery, the analyst tells investors in a research note.
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Read More on JACK:
- Jack in the Box price target lowered to $16 from $22 at RBC Capital
- Jack in the Box price target lowered to $16 from $21 at TD Cowen
- Jack in the Box price target lowered to $24 from $28 at Oppenheimer
- Jack in the Box price target lowered to $18 from $20 at Stifel
- Jack in the Box price target lowered to $15 from $17 at Goldman Sachs