BofA analyst Sara Senatore lowered the firm’s price target on Jack in the Box (JACK) to $69 from $73 and keeps a Buy rating on the shares. Chipotle’s (CMG) note on persistent Californian demand weakness suggests continued top line weakness for Jack in the Box and even more so for Del Taco given its greater California skew, says the analyst, who is refining the firm’s Jack model based on commentary from earnings results this past week and now expects soft comps through at least the first half of 2025 when the market laps the step up in prices.
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Read More on JACK:
- Jack in the Box price target lowered to $53 from $56 at Piper Sandler
- Jack in the Box price target raised to $73 from $72 at BofA
- Jack in the Box price target lowered to $46 from $57 at Barclays
- Jack in the Box price target lowered to $70 from $87 at Loop Capital
- Jack in the Box price target lowered to $50 from $55 at UBS