Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Merrill Upgrades Jack in the Box to 'Buy'

Merrill Lynch upgraded Jack in the Box (JBX) to buy from hold.

Analyst Peter Oakes says he upgraded on the expectation that same-store sales will stabilize, and start increasing later this summer.

He says the quick service restaurant category been under enormous pressure in the last few quarters, and the Street views these difficulties as primarily secular. But Oakes thinks the difficulties are actually cyclical, and he expects events to reverse course shortly, boosting shares. He sees the launch of a new salad lineup aiding sales performance.

Oakes raised the $1.90 2003 earnings per share estimate to $1.95, and upped the $2.10 2004 estimate to $2.20. He established a $22 target.

blog comments powered by Disqus