Joint Corp. price target lowered to $11 from $16 at Lake Street

Lake Street analyst Ryan Meyers lowered the firm’s price target on Joint Corp. (JYNT) to $11 from $16 and keeps a Buy rating on the shares. The transition toward a fully franchised model has taken longer than originally expected, says the analyst, who lowers the firm’s price target as the underlying fundamentals at the clinic level remain soft.