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Fly News Breaks for May 26, 2016
JACK
May 26, 2016 | 08:02 EDT
Cowen raised its price target on Jack in the Box to $94 from $86 following meetings with management. The firm cited the amount of leverage to be added and proceeds from refranchising, adding that expected G&A savings and improvements in margins should lead to higher estimates. Cowen reiterated its Outperform rating on Jack in the Box shares.
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