Fly News Breaks for February 27, 2020
Feb 27, 2020 | 09:09 EDT
MKM Partners analyst Brett Levy raised the firm's price target on Papa John's to $67 from $60 but keeps a Neutral rating on the shares. The analyst says the company's Q4 earnings and North America comps topped expectations as it continues to execute the management's plans while offering a sense of "more to come", though he also believes that its near-term progress was largely priced-in ahead of the release. Levy adds that investors may be pondering at what point the shares will become attractive given the post-earnings decline despite the positive trends.
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