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Wedbush takes Jack in Box off its Best Ideas list

Wedbush takes Jack in Box off its Best Ideas list

Wedbush on Wednesday said it is removing Jack in the Box Inc. from its Best Ideas List but maintained its outperform rating on the restaurant chain. "We continue to believe JACK's current valuation discounts an overly pessimistic view of management's ability to successfully integrate the Deal Taco acquisition and to achieve unit growth acceleration and same-store sales growth over the longer-term across both brands," Wedbush said in a research note. Wedbush said until is sees incremental visibil