Truist lowered the firm’s price target on Jack in the Box (JACK) to $51 from $57 and keeps a Buy rating on the shares after its Q1 results and CEO resignation. The company’s comps decelerated since November, reflecting the impact of weather and wildfires, but also a softer consumer, though the firm remains confident that industry tailwinds and compelling innovation will drive accelerating same store sales for JACK and fast food peers, the analyst tells investors in a research note.
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