Analyst Eyes Papa John’s Comparable Sales Amid Price-Value Concerns, Upgrades Stock To Hold
Stifel's Chris O'Cull shifts stance on Papa John's International to Hold, citing pragmatic near-term outlook. Despite lowering the price target to $60 amidst market turbulence, O'Cull emphasizes the stock's resilience. With -1% domestic comparable sales in Q1, challenges persist, particularly in a fiercely competitive market.