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Fly News Breaks for March 9, 2016
JACK
Mar 9, 2016 | 07:17 EDT
Oppenheimer says it's "bullish" on the outlook for Jack in the Box's stock after the shares fell below $70. The firm thinks the company's upcoming restructuring could boost its EPS by 25c-40c, and it's upbeat on the outlook for the company's sales. According to the firm, the company's two year sales trends are "strong," while its new value deals should boost its revenue. Oppenheimer keeps an $86 price target and Outperform rating on the shares.
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