Jack in the Box price target raised to $80 from $73 at Credit Suisse

Credit Suisse raised the firm’s price target on Jack in the Box to $80 from $73 and keeps an Underperform rating on the shares. The firm notes the company delivered a strong Q1 print with beats across-the-board. Jack in the Box did not update any aspects of its full year 2023 guide, though guidance is viewed as conservative following the Q1 beat and continued momentum into Q2, Credit Suisse adds.