Morgan Stanley Adjusts Jack in the Box Price Target to $25 Amid Industry Improvements

Morgan Stanley analyst Brian Harbour has lowered Jack in the Box's (JACK) price target to $25 from $31, maintaining an Equal Weight rating. Harbour expects improved demand in the restaurant and food distribution sectors to boost Q2 performance. Despite policy uncertainties, the company benefits from stable middle and upper-income customers and manageable costs. Analysts forecast an average target price of $31 with a high estimate of $61 and a low estimate of $19, indicating a 36.26% upside from the current price.