JP Morgan Lowers Price Target on Jersey Mike's by 7.69%

JPMorgan Chase & Co. has reduced its price target for Jersey Mike's (NYSE:JMKE) to $24.00 from $26.00, according to a report issued on Tuesday by Benzinga.

The firm maintains an 'overweight' rating on the stock, indicating a potential upside of 40.31% from the previous close.

This is not the only recent development for Jersey Mike's, as several other equities research analysts have commented on the stock in recent weeks.