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Fly News Breaks for May 9, 2018
PZZA
May 9, 2018 | 08:34 EDT
As previously reported, Longbow downgraded Papa John's to Neutral from Buy following the Q1 earnings and comp miss. Analyst Alton Stump is concerned Papa John's may not have a recovery in comps in the near-term and recommends investors wait for a significant pullback and or evidence same-store-sales being to recover in the coming quarters before becoming constructive on shares.
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