Read Why Cowen Downgraded This Fast-Food Restaurant Chain
Cowen analyst Andrew M. Charles has downgraded Jack In The Box Inc (NASDAQ:JACK) to Market Perform from Outperform and lowered the price target to $68 (17% upside) from $115. Andrew thinks the challenging quick-service restaurant industry sales backdrop and Jack's above-industry levels of pricing & inflation present headwinds for the company's development. Related: Jack In The…
Benzinga ·