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Fly News Breaks for May 10, 2019
JACK
May 10, 2019 | 07:44 EDT
Oppenheimer analyst Brian Bittner reiterates an Outperform rating and $92 price target on Jack in the Box ahead of the company's Q2 results, saying he believes the market has "zero" expectations for the company to be sold based on valuation and conversations with investors. Bittner says that for the shares to move higher requires same-store turning and staying positive, improving net unit growth, and accretive buybacks, which he expects to unfold if the company remains public.
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