Jack in the Box price target lowered to $50 from $55 at UBS

UBS lowered the firm’s price target on Jack in the Box to $50 from $55 and keeps a Neutral rating on the shares. Jack in the Box announced the resignation of CFO Brian Scott for personal reasons, and the focus is now on a CFO replacement and upcoming FY25 guidance in November, the analyst tells investors in a research note. The firm expects FY25 guidance will reflect recent macro and category specific pressures, and likely skew conservative given limited visibility into the near to medium-term sales and earnings trajectory.