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Fly News Breaks for August 4, 2016
JACK
Aug 4, 2016 | 07:49 EDT
Oppenheimer analyst Brian Bittner raised his price target for Jack in the Box to $105 from $97 after the company posted a "large" EPS beat and lifted 2016 guidance, which he still sees as conservative. The analyst reiterates an Outperform rating on the shares, saying comps have begun an attractive acceleration cycle and capital returns will soon flex.
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