PZZA - Papa John's lands price target boost from Stifel with sales drivers kicking in

Joe Raedle/Getty Images News Stifel Financial Corp. increases its price target for Papa John's International ([[PZZA]] -0.7%) to $125 from $120 and maintains a Buy rating for the stock. The stock currently trades at around $111 which would result in potential gains of 11% if the price target is achieved. Shares have traded in a range of $73 to $113 over the last 52 weeks. "We believe the strength was driven by a combination of continued success with the Epic Stuffed Crust pizza and effective advertising and promotional management," stated analyst Chris O'Cull. Papa John's plans to invest ~$2.5M on employee recruiting and retention over the rest of the year. Most analysts are either very bullish or bullish on Papa John's International with an average price target of about $117.

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Papa John's lands price target boost from Stifel with sales drivers kicking in