Truist raised the firm’s price target on Jack in the Box to $98 from $92 and keeps a Buy rating on the shares after its Q1 earnings beat. The company’s "strong" same-store-sales momentum is adding to confidence that the company can weather the macro storm and even gain market share thanks to its more balanced menu and tangible sales drivers such as increased hours and speed of service, the analyst tells investors in a research note.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on JACK:
- Jack in the Box price target raised to $96 from $85 at Oppenheimer
- Jack in the Box price target raised to $92 from $82 at Wedbush
- Jack in the Box price target raised to $80 from $73 at Credit Suisse
- Jack in the Box price target raised to $88 from $77 at Baird
- Jack in the Box price target raised to $84 from $73 at Barclays
