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Fly News Breaks for January 26, 2018
JACK
Jan 26, 2018 | 07:17 EDT
As previously reported, Wedbush analyst Nick Setyan upgraded Jack in the Box to Outperform from Neutral, stating that he expects stabilization in same-store sales growth within management's current 1-2% guidance range given easier year-over-year comparisons starting in Q2. He also sees the potential for the company to repurchase shares representing more than 25% of Jack's current market capitalization, starting in the second half, he tells investors. Setyan increased his price target on Jack in the Box shares to $115 from $104.
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