Stifel Downgrades Papa John's International to Hold, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Chris O'Cull has downgraded Papa John's International (NASDAQ:PZZA) from Buy to Hold and lowered the price target from $81 to $65.
November 03, 2023 | 10:34 am
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NEGATIVE IMPACT
Papa John's International has been downgraded from Buy to Hold by Stifel, with a lowered price target of $65.
The downgrade from Buy to Hold by Stifel indicates a less optimistic outlook for the company's stock. The lowered price target from $81 to $65 also suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100