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Fly News Breaks for May 26, 2016
JACK
May 26, 2016 | 07:21 EDT
Oppenheimer analyst Brian Bittner raised his price target for Jack in the Box to $91 from $86 as he believes re-franchising and G&A changes are more EPS-accretive than expected, which may begin a "powerful revision cycle." Operationally, same-store sales has turned favorable, particularly relative to peers, the analyst tells investors in a research note. Oppenheimer has an Outperform rating on the shares.
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