Jack in the Box price target lowered to $50 from $60 at Wedbush

Wedbush lowered the firm’s price target on Jack in the Box (JACK) to $50 from $60 and keeps an Outperform rating on the shares ahead of quarterly results. The firm believes weak Q4 and FY25 guidance are baked into valuation. Given the return of CFO Lance Tucker, and in the context of ongoing headwinds through at least Q1, Wedush would not be surprised by FY25 guidance below current consensus.