PZZA - Papa John's Near-Term Outlook Too Appealing To Ignore Analyst Upgrades To Outperform | Benzinga
Wedbush analyst Nick Setyan upgraded Papa John's International Inc (NASDAQ: PZZA) to Outperform from Neutral at an increased price target of $95 from $80.
This week, the company reported a Q2 FY23 revenue decline of 1.6% Y/Y to $514.53 million, missing the consensus of $530.10 million, and adjusted EPS of $0.59 was in line with the Street view.
Setyan thinks PZZA's competitive entry into 3PD (Little Caesars; Pizza Hut) resulted in the growth of the overall 3PD pizza ...