Joint Corp. price target raised to $16 from $13 at Roth MKM

Roth MKM raised the firm’s price target on Joint Corp. to $16 from $13 and keeps a Buy rating on the shares after its Q1 earnings beat. The company’s franchise system appears relatively healthy, with positive comps and unit growth, while the refranchising process remains ongoing, the analyst tells investors in a research note.

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