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Fly News Breaks for May 26, 2016
JACK
May 26, 2016 | 08:38 EDT
As reported previously, Baird upgraded Jack in the Box to Outperform from Neutral as they believe the company has a solid game plan to spur better momentum in 2017 and beyond. The firm believes any short-term noise on comp trends will be overshadowed by the positives related to the transition to a more highly franchised business model. Baird raised its price target to $95 from $80 on Jack in the Box shares.
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