Jack in the Box downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank analyst Brian Mullan downgraded Jack in the Box to Hold from Buy with an unchanged price target of $88 ahead of the fiscal Q4 results. “This is a Risk Reward and Valuation call, and there is not much more to it than that,” Mullan tells investors in a research note. The analyst says the shares are approaching his price target and that he wants to “maintain discipline and balance across our ratings.” He sees a more balanced risk/reward at current share levels.