UPDATE: Guggenheim Starts Jack In The Box (JACK) at Buy

Guggenheim analyst Gregory Francfort initiates coverage on Jack In The Box (NASDAQ: JACK) with a Buy rating and a price target of $135.00.

The analyst comments "Our Buy rating is premised on a long-term alignment of franchisees and franchisors and the renewed potential of unit growth following years of stagnation, supported by improved franchisee profitability and new management. The stock is also positioned well for U.S. inflation worries (heavy real estate ownership where revenues are variable but expenses are fixed)."

For an analyst ratings summary and ratings history on Jack In The Box click here. For more ratings news on Jack In The Box click here.

Shares of Jack In The Box closed at $109.54 yesterday.

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