Morgan Stanley Maintains Equal-Weight Rating for Jack In The Box: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Equal-Weight rating for Jack In The Box (NASDAQ:JACK) and raised its price target from $96.00 to $102.00. The shares of Jack In The Box are currently trading down 0.94% over the last 24 hours, at $96.81 per share.
July 17, 2023 | 5:00 pm
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Morgan Stanley has maintained its Equal-Weight rating for Jack In The Box and raised its price target. This could potentially lead to an increase in the stock's price.
Analyst ratings and price targets can significantly influence a stock's price. In this case, Morgan Stanley, a reputable financial institution, has maintained an Equal-Weight rating for Jack In The Box and raised its price target. This suggests that they believe the stock is fairly valued at the moment but expect it to increase in the future. Therefore, this news could potentially lead to an increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100