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Fly News Breaks for November 14, 2018
QSR, JACK
Nov 14, 2018 | 07:29 EDT
Oppenheimer analyst Brian Bittner lowered his price target for Jack in the Box (JACK) to $92 form $105 as he expects a sales miss against sell-side's stale Q4 estimates, particularly after analyzing the slower recent trends across the Restaurant Brands (QSR) peers. The analyst notes that this appears reflected in buyside expectations given stock's underperformance since last print and a valuation that sits lowest in his coverage universe. He reiterates an Outperform rating on the shares.
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