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Fly News Breaks for June 25, 2019
JACK
Jun 25, 2019 | 08:26 EDT
As previously reported, Credit Suisse analyst Lauren Silberman initiated Jack in the Box with an Underperform and $75 price target. Despite the company's enhanced business model, the analyst sees risks to long-term targets which require acceleration in top-line trends. With limited visibility into the drivers supporting a sustainable improvement in same-store sales and unit growth acceleration, and fewer levers to unlock value, the stock warrants a valuation discount relative to peers and recent history, she contends.
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