Tigress Financial Maintains Buy on Jersey Mike's Subs, Raises Price Target to $30
Tigress Financial analyst Ivan Feinseth maintains Jersey Mike's Subs (NYSE:JMKE) with a Buy and raises the price target from $29 to $30.
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Jersey Mike’s Subs shares are trading higher despite reporting a year-over-year decrease in its Q2 net income and worse-than-expected Q2 sales results. The company's CEO said that traffic is accelerating despite industrywide weakness, supporting Q2 same-store sales growth of 2.3% year-over-year.
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