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Fly News Breaks for September 5, 2019
PZZA
Sep 5, 2019 | 05:49 EDT
Credit Suisse analyst Lauren Silberman upgraded Papa John's International to Outperform from Neutral with a price target of $56, up from $45. The analyst has increased confidence in the company's turnaround following the appointment of former Arby's President, Rob Lynch, as CEO last week. Lynch will leverage his experience with the Arby's turnaround to develop a strategy for Papa John's, including a focus on improving franchisee relationships and profitability, Silberman tells investors in a research note.
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