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Fly News Breaks for May 18, 2018
JACK
May 18, 2018 | 09:43 EDT
SunTrust analyst Jake Bartlett lowered his price target on Jack in the Box to $100 after the company's lowered FY18 SSS forecast, saying it adds uncertainty to the prospects of recovery in comps on top of the uncertainty around cost savings. Longer term, Bartlett keeps his Buy rating despite the increased risk, noting that its free cash flow yield per share of 7.7% is attractive while its post Qdoba-sale and refranchising investment story is "compelling".
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