Joint Corp. price target lowered to $14 from $15 at Roth Capital

Roth Capital lowered the firm’s price target on Joint Corp. (JYNT) to $14 from $15 and keeps a Buy rating on the shares after its Q3 results. Refranchising process continues to progress, albeit slowly, but the firm remains confident that margin and free cash flow will inflect higher upon completion, the analyst tells investors in a research note.