Jack in the Box price target lowered to $22 from $27 at UBS

UBS lowered the firm’s price target on Jack in the Box (JACK) to $22 from $27 and keeps a Neutral rating on the shares. Overall investor sentiment on the restaurant sector appears somewhat more cautious recently, with July trends softer than expected and increasing concern around consumer demand given the latest jobs report and potential tariff impacts, the analyst tells investors in a research note. While fast casual interest remains elevated, many are focused on near-term week-to-week sales and traffic data amid the choppy and volatile backdrop, UBS says.