Morgan Stanley Maintains Equal-Weight Rating for Jack In The Box: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of Jack In The Box JACK and raise its price target from $96.00 to $102.00.

Shares of Jack In The Box are trading down 0.94% over the last 24 hours, at $96.81 per share.

A move to $102.00 would account for a 5.37% increase from the current share price.

About Jack In The Box

Jack In The Box Inc operates quick-service restaurants and fast-casual restaurants in California, the USA under the brands Jack in the Box. The company menu offers burgers, tacos, regular and curly fries, specialty sandwiches, salads and ice cream shakes. These foods are available with the option of customization as per customer requirements. The company also offer catering services to its customers. Revenues are generated from sales that take place at their restaurants.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.