KeyBanc Starts Jack In The Box (JACK) at Buy

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July 12, 2012 4:30 PM EDT
Get Alerts JACK Hot Sheet
Price: $12.44 +0.57%

Rating Summary:
    10 Buy, 19 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 2 | Down: 3 | New: 2
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KeyBanc initiates coverage on Jack In The Box (NASDAQ: JACK) with a Buy. PT $40.00.

The firm comments, "We believe the Company is on track to essentially double its operating EPS by FY14, a year earlier than management is targeting $2.00 per share. Shares have improved in recent weeks as Jack in the Box continues to demonstrate SRS and profit improvements, but we believe share appreciation will continue as G&A is right-sized to fit the highly-franchised business model, the re-franchising program comes to a completion and Qdoba's brand awareness builds."

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 $27.61 yesterday.

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