Jack in the Box price target lowered to $81 from $89 at RBC Capital

RBC Capital analyst Christopher Carril lowered the firm’s price target on Jack in the Box to $81 from $89 but keeps an Outperform rating on the shares. The analyst is updating his model based on the expected JitB and Del Taco system comps of 2.8% and 2.5% respectively for FY23.