Analyst Turns More Optimistic Toward Jack in the Box

Jack in the Box (NASDAQ: JACK), a restaurant company that operates and franchises over 2,200 restaurants in 21 states, received a confidence boost from Goldman Sachs as analyst Katherine Fogertey upgraded the stock from sell to neutral. Fogertey also significantly raised Jack in the Box's price target from $42 up to $66 per share.

Driving her optimism was the company's improving same-store sales momentum and franchise economics, and the belief that growth can still reaccelerate in 2020.

Image source: Getty Images.

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Source Fool.com