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Analyst Eyes Papa John’s Comparable Sales Amid Price-Value Concerns, Upgrades Stock To Hold

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Stifel analyst Chris O’Cull upgraded the shares of Papa John’s International Inc (NASDAQ:PZZA) from Sell to Hold and lowered the price target from $65 to $60.

The analyst noted near-term expectations are reasonable and decided to move to the sidelines, given the stock’s negative sentiment and recent market volatility.

The analyst added that PZZA is in a challenging competitive position in a tough category.

The checks ran by the analyst indicate that domestic comparable sales were about -1% in the first quarter, …

Full story available on Benzinga.com

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