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Fly News Breaks for May 17, 2017
JACK
May 17, 2017 | 07:50 EDT
Cowen analyst Andrew Charles noted Jack in the Box shares rose more than 10% in after-market trading following in-line Q2 results and the company's announcement that it would explore strategic alternatives for its Qdoba unit. The analyst said his breakup value for Jack shares is in the $108-$110 range, so he views the after-market reaction as overanxious. Charles reiterated his Market Perform rating and $100 price target on Jack in the Box shares, which are up about 9% to $111.15 in pre-market trading.
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