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Fly News Breaks for August 15, 2018
PZZA
Aug 15, 2018 | 07:22 EDT
As previously reported, Stifel analyst Chris O'Cull upgraded Papa John's to Hold from Sell as he believes near-term expectations have been reset to a reasonable level following the company's disappointing Q2 results and report of "lackluster" same-store sales in Q3 to-date. However, O'Cull remains concerned 2019 EPS and EBITDA could fall short of expectations. He raised his price target on Papa John's shares to $38 from $35.
News For PZZA From the Last 2 Days
PZZA
Apr 22, 2024 | 04:47 EDT
Stifel analyst Chris O'Cull upgraded Papa John's to Hold from Sell with a price target of $60, down from $65. The analyst believes near-term expectations are reasonable. Given the stock's negative sentiment and recent market volatility, the firm decided to move to the sidelines. However, Stifel continues to believe Papa John's is in a "challenging competitive position in a tough category."