The initiation of coverage by Piper Sandler with a Neutral rating and a price target of $93 for Jack In The Box (NASDAQ:JACK) is likely to have a neutral impact on the stock price in the short term. The rating suggests that the analyst sees the stock as fairly valued, and the price target is close to the current market price. This news may not drive significant price movement, but it does provide investors with an additional data point to consider when making investment decisions.