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Fly News Breaks for May 17, 2017
JACK
May 17, 2017 | 20:35 EDT
KeyBanc analyst Chris O'Cull downgraded Jack in the Box to Sector Weight saying the Qdoba announcement overshadowed what was otherwise disappointing quarterly report. The analyst is concerned with Jack in the Box SRS performance and the competitive environment and expects sluggish topline performance to continue for both brands over the next several quarters. O'Cull lowered his FY18 earnings and cash flow estimates to reflect reduced sales and profit expectations and views shares as fairly valued.
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