Oppenheimer lowered the firm’s price target on Jack in the Box (JACK) to $24 from $28 and keeps an Outperform rating on the shares. Following a challenged fiscal 2025, the company provided initial financial guidance for 2026 excluding Del Taco. The standalone business is anticipated to generate 2026 EBITDA of $225M-$240M, consistent with Oppenheimer’s expectations. Same-store sales trends remain under pressure, and full-year guidance range of -1% to +1% assumes sequential improvements to positive in the second half of 2026.
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