Jack in the Box price target lowered to $45 from $55 at RBC Capital

RBC Capital lowered the firm’s price target on Jack in the Box (JACK) to $45 from $55 and keeps an Outperform rating on the shares. The company’s Q4 print was better than feared vs. depressed investor sentiment coming in, but the macro environment continues to be challenging and the guidance bakes in improvement anticipated in the second half of the year, the analyst tells investors in a research note.