Information Provided By:
Fly News Breaks for December 13, 2019
PZZA
Dec 13, 2019 | 08:11 EDT
Deutsche Bank analyst Brian Mullan initiated coverage of Papa John's International with a Hold rating and $59 price target. With the shares up 53% year-to-date, and trading at 15 times estimated 2021 adjusted EBITDA, the market has largely priced in the recent signs of stabilization and recovery for the brand, Mullan tells investors in a research note.