JACK - Jack in the Box lands higher price target from Truist on expectation for sales growth

Truist turns more constructive on Jack in the Box ([[JACK]] -0.1%) after digesting the restaurant operator's Q1 earnings report.Truist analyst Jake Bartlett points to the company's ability to accelerate growth over the next few years to 2% or more and looks sees the Investor Day event in June as a potential catalyst if product announcements are made.The firm keeps a Buy rating on Jack in the Box and hikes its price target to $139 from $131. The average Wall Street price target is $127.25. Shares of JACK have traded in a range of $63.90 to $124.53 over the last 52 weeks.Read the Jack in the Box earnings call transcript for color on how the company sees the year playing out.

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Jack in the Box lands higher price target from Truist on expectation for sales growth