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Fly News Breaks for September 17, 2019
PZZA
Sep 17, 2019 | 16:19 EDT
Oppenheimer analyst Brian Bittner started Papa John's International with a Perform rating an no price target. The company represents an "enticing turnaround story," but the Street's improving sales expectations already represent a "healthy base-case," Bittner tells investors in a research note. As such, the analyst believes Papa John's current valuation accurately balances the company's near-term risk/reward following four ratings upgrades in the last three weeks along with stock's 20% rebound.
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