Analysts Offer Insights on Services Companies: Jack In The Box Inc (NASDAQ: JACK) and Laboratory Corp (NYSE: LH)

By Carrie Williams

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Jack In The Box Inc (NASDAQ: JACK) and Laboratory Corp (NYSE: LH) with bullish sentiments.

Jack In The Box Inc (NASDAQ: JACK)

SunTrust Robinson analyst Jake Bartlett reiterated a Buy rating on Jack In The Box Inc (NASDAQ: JACK) yesterday and set a price target of $110. The company’s shares closed yesterday at $94.64.

According to TipRanks.com, Bartlett is a 3-star analyst with an average return of 4.4% and a 56.1% success rate. Bartlett covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Popeyes Louisiana Kitchen, and Buffalo Wild Wings.

Currently, the analyst consensus on Jack In The Box Inc is Moderate Buy and the average price target is $108.40, representing a 14.5% upside.

In a report issued on January 2, Robert W. Baird also reiterated a Buy rating on the stock with a $122 price target.
Laboratory Corp (NYSE: LH)

SunTrust Robinson analyst David S Macdonald reiterated a Buy rating on Laboratory Corp (NYSE: LH) yesterday and set a price target of $200. The company’s shares closed yesterday at $170.28, close to its 52-week high of $171.39.

According to TipRanks.com, Macdonald is a 4-star analyst with an average return of 8.1% and a 73.7% success rate. Macdonald covers the Services sector, focusing on stocks such as American Renal Associates Holdings Inc, Encompass Health Corporation, and Fresenius Medical Care Corp.

Currently, the analyst consensus on Laboratory Corp is Moderate Buy and the average price target is $177.13, representing a 4.0% upside.

In a report issued on January 3, Canaccord Genuity also reiterated a Buy rating on the stock with a $190 price target.

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