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Fly News Breaks for May 17, 2019
JACK
May 17, 2019 | 09:24 EDT
SunTrust analyst Jake Bartlett raised his price target on Jack in the Box to $108 and kept his Buy rating after its Q2 earnings beat, saying the stock offers "significant upside" for the second half of FY19. The analyst cites menu innovations driving "solid" comps in early Q3, a more favorable promotional environment, and the timing of its leverage recap adding 1 turn to its EBITDA in Q4. Bartlett adds that the company's share buyback and the impact on free cash flows are being underappreciated by investors.
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