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Fly News Breaks for November 30, 2018
SONC, JACK
Nov 30, 2018 | 07:29 EDT
Following a Reuters report that Jack in the Box (JACK) is exploring a sale, Wedbush analyst Nick Setyan says he does not expect any offers to approach Sonic's (SONC) multiple, telling investors in a research note that he believes Jack in the Box, at current levels, is largely fully valued. He maintains a Neutral rating and $85 price target.
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