PZZA - Papa John's lands upgrade from KeyBanc on long-term potential

KeyBanc starts off coverage on Papa John's International (PZZA) with a Buy rating on its view that the chain is not a pandemic phenomenon, but is well-positioned to sustain the recent share gains."Prior to the COVID-19 pandemic, the Company was in the early days of a recovery spearheaded by a new leadership team with the support of an activist investor and a new board of directors. By deploying a strategy that emphasized quality over discounts, removed barriers to innovation, and narrowed the digital divide, we believe Papa John’s is well-positioned to sustain its recent share gains."Papa John's is one the bigger comeback stories in the restaurant sector by recovering following the departure of founder John Schnatter.Shares of PZZA are up 1.44% in premarket action.

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Papa John's lands upgrade from KeyBanc on long-term potential