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2017-05-17 07:50:49 JACK Jack in the Box $101.89 2.33 (2.34%) 07:50 05/17/17 05/17 07:50 05/17/17 07:50	Jack in the Box after-market reaction overanxious, says Cowen Cowen analyst Andrew Charles noted Jack in the Box shares rose more than 10% in after-market trading following in-line Q2 results and the company's announcement that it would explore strategic alternatives for its Qdoba unit. The analyst said his breakup value for Jack shares is in the $108-$110 range, so he views the after-market reaction as overanxious. Charles reiterated his Market Perform rating and $100 price target on Jack in the Box shares, which are up about 9% to $111.15 in pre-market trading.	17 May 30 May 01 Jun 20 Jun
JACK Jack in the Box $101.89 2.33 (2.34%) 02/24/17 02/24/17 DOWNGRADE On The Fly: Top five analyst downgrades Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HP Enterprise (HPE) downgraded to Hold from Buy at Needham and to Market Perform from Outperform at BMO Capital. 2. Wayfair (W) downgraded to Market Perform from Outperform at Raymond James with analyst Aaron Kessler saying Wayfair guided first quarter direct revenue growth below consensus and sees continued EBITDA losses near-term given continued investments in international, new businesses, categories,and logistics, and views shares are fairly valued at current levels. 3. Transocean (RIG) downgraded to Sell from Hold at Pareto. 4. Goodyear Tire (GT) downgraded to Hold from Buy at Jefferies with analyst Ashik Kurian citing valuation with the shares up 17% year-to-date and limited near-term catalysts. The analyst raised his price target for the stock to $38. 5. Jack in the Box (JACK) downgraded to Market Perform from Outperform at Cowen with analyst Andrew Charles saying he does not expect upside to 2017 guidance for Jack comps of approximately 2% and Qdoba comps of flat, given it implies a recovery in the back half of 2017 and is exacerbated by a challenging industry backdrop. Additionally, Charles believes significant G&A savings and share repurchases are reflected, making it difficult to drive material earnings upside. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. 02/24/17 OPCO 02/24/17 NO CHANGE Target $125 OPCO Outperform Jack in the Box should be bought on weakness, says Oppenheimer Oppenheimer analyst Brian Bittner says Jack in the Box's near-term sales trends are "clearly disappointing," but sees these challenges as transitory, while the opportunity to improve Qdoba margins appears realistic. Beyond fundamentals, the analyst believes Jack in the Box's risk-reward appears attractive. He reiterates an Outperform rating and $125 price target on the shares. 02/24/17 COWN 02/24/17 DOWNGRADE COWN Market Perform Jack in the Box downgraded to Market Perform from Outperform at Cowen Cowen analyst Andrew Charles downgraded Jack in the Box to Market Perform and lowered the price target to $100 from $125. The analyst does not expect upside to 2017 guidance for Jack comps of approximately 2% and Qdoba comps of flat, given it implies a recovery in the back half of 2017 and is exacerbated by a challenging industry backdrop. Additionally, Charles believes significant G&A savings and share repurchases are reflected, making it difficult to drive material earnings upside. 02/10/17 02/10/17 UPGRADE On The Fly: Top five analyst upgrades Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Ford (F) upgraded to Hold from Underperform at Jefferies with analyst Philippe Houchois upgraded Ford (F) Motor to Hold saying the company's "bad news" in the last six months has been sufficiently priced into the shares. While cyclical risks remain, Ford should benefit the most of the big three from infrastructure spending, border adjusted tax reform and exposure to a Russian auto recovery, Houchois tells investors in a research note. He raised his price target for the shares to $12 from $10. 2. CSX (CSX) upgraded to Outperform from Market Perform at Avondale. 3. Jack in the Box (JACK) upgraded to Buy from Hold at SunTrust with analyst Jake Bartlett saying he expects the company to benefit from fewer discounts in the sector and market share gains going forward. 4. Cigna (CI) upgraded to Outperform from Sector Perform at RBC Capital with analyst Frank Morgan saying the company is well positioned as a standalone entity. The analyst believes Cigna has "multiple positive levers" to drive earnings higher and sees a likelihood for "significant" capital deployment. Morgan raised his price target for the shares to $172 from $151. 5. Enerplus (ERF) upgraded to Outperform from Market Perform at BMO Capital with analyst Ray Kwan citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

2017-05-17 07:50:49

JACK

Jack in the Box

$101.89: 2.33 (2.34%)

07:50

05/17/17

05/17

07:50

05/17/17

07:50

Jack in the Box after-market reaction overanxious, says Cowen

Cowen analyst Andrew Charles noted Jack in the Box shares rose more than 10% in after-market trading following in-line Q2 results and the company's announcement that it would explore strategic alternatives for its Qdoba unit. The analyst said his breakup value for Jack shares is in the $108-$110 range, so he views the after-market reaction as overanxious. Charles reiterated his Market Perform rating and $100 price target on Jack in the Box shares, which are up about 9% to $111.15 in pre-market trading.

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JACK Jack in the Box

$101.89: 2.33 (2.34%)

02/24/17

02/24/17: OPCO

02/24/17: COWN

02/10/17

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Jack in the Box after-market reaction overanxious, says Cowen

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