Stifel and Truist keep Buy on Jersey Mike's Subs but cut price targets
Stifel and Truist kept Buy ratings on Jersey Mike's Subs but lowered targets to $25 and $27 a share, per Dow Jones Newswires citing Benzinga.
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what happened
On October 29, Stifel kept its Buy rating on Jersey Mike's Subs shares but reduced its price target from $27 to $25 per share. Dow Jones Newswires reported the change, citing Benzinga data.
Later that day, at 15:19 GMT, Truist Securities also maintained its Buy rating and lowered its target from $30 to $27 per share.
why it matters
Revisions like these are routine in equity research. They reflect analysts adjusting their expectations for the stock, but they rarely change the broader picture for the sector. Investors usually focus more on the revenue and profit trends that analysts build into their models.
tags
instruments
sources
- Jersey Mike's Subs Is Maintained at Buy by Stifel — Dow Jones Newswires, 29 October 2026 at 12:56 UTC
- Jersey Mike's Subs Is Maintained at Buy by Truist Securities — Dow Jones Newswires, 29 October 2026 at 15:19 UTC
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