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Fly News Breaks for June 2, 2017
JACK
Jun 2, 2017 | 07:28 EDT
Oppenheimer analyst Brian Bittner says his analysis identifies an "intriguing" risk/reward in Jack in the Box shares if Qdoba is sold. As a standalone, Jack in the Box would be "free to further improve cost structure, leverage and cap-ex versus estimates," the analyst tells investors in a research note. He reiterates an Outperform rating on the shares with a $125 price target. Wells Fargo this morning upgraded Jack in the Box on the potential Qdoba sale.
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