Wedbush Assumes Jamba (JMBA) at Neutral

November 22, 2016 6:59 AM EST
Get Alerts JMBA Hot Sheet
Price: $9.72 -1.72%

Rating Summary:
    2 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Wedbush assumes coverage on Jamba (NASDAQ: JMBA) with a Neutral rating and a price target of $10.00.

Analyst Colin Radke commented, "With transition to asset-lite model complete, JMBA’s future will be driven by performance of remaining co-owned store portfolio and franchise growth and profitability. While we are encouraged by management’s initiatives, we see challenges to both and expect a turnaround to take time. Therefore, we initiate with NEUTRAL rating and $10 PT."

For an analyst ratings summary and ratings history on Jamba click here. For more ratings news on Jamba click here.

Shares of Jamba closed at $10.19 yesterday.

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