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Fly News Breaks for June 3, 2016
JACK
Jun 3, 2016 | 07:56 EDT
Oppenheimer analyst Brian Bittner raised his price target for Jack in the Box to $97 from $91 citing significant higher earnings estimates "with room to go" and stock valuation, trading at about 20% discount to peers. The analyst believes the recent sales miss could prove a "blip" as two-year trends are "strong," comparisons now ease and new "value" deals are incremental. Oppenheimer has an Outperform rating on the shares.
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