0845 ET - Oppenheimer sees potential for Jack in the Box to unlock capital by selling real estate, divesting its Del Taco business and enhancing cash flow that could improve its balance sheet and simplify the investment narrative. "These steps create management Ebitda dilution, based on our work, and reduce downside risk at current levels," say analysts Brian Bittner and Michael Tamas in a research note, who also reiterate their outperform rating. Jack in the Box rises 3% to $27.70 premarket. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 12, 2025 08:45 ET (12:45 GMT)
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