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Fly News Breaks for September 24, 2015
MCD, JACK
Sep 24, 2015 | 07:32 EDT
Noting that Jack in the Box has dropped 20% since August 5, Oppenheimer says that the decline is due to fears of tough comps and the risk of a rebound by McDonald's (MCD). After meeting with the company's management ,the firm said it provided "solid evidence" indicating that "both risks could be muted." The firm expects the company to provide solid 2016 EPS guidance. It reiterates a $105 price target and Outperform rating on the shares.
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