Piper Sandler lowered the firm’s price target on Jack in the Box to $75 from $93 and keeps a Neutral rating on the shares. Ahead of Jack in the Box’s Fiscal Q4 earnings results next month, Piper has taken a closer look at the model and changed some underlying operating assumptions. The net result is that the firm’s 2024 and 2025 adjusted EPS estimates come down by 40c and 70c, respectively.
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