Jack in the Box price target lowered to $80 from $86 at Barclays

Barclays lowered the firm’s price target on Jack in the Box to $80 from $86 and keeps an Equal Weight rating on the shares. The company’s fiscal Q1 comp was below the Street at the core Jack, though margins and earnings were in-line, the analyst tells investors in a research note. The firm says the company’s fiscal 2024 outlook no longer appears conservative.