Truist Securities Maintains Buy on Jack In The Box, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on Jack In The Box (NASDAQ:JACK) but lowered the price target from $83 to $70.
August 07, 2024 | 1:06 pm
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NEUTRAL IMPACT
Truist Securities has maintained its Buy rating on Jack In The Box but lowered the price target from $83 to $70. This indicates continued confidence in the stock but suggests a more conservative outlook on its near-term performance.
The maintained Buy rating suggests that the analyst still sees potential in the stock, but the lowered price target indicates a more cautious approach to its near-term valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100