BMO Capital Maintains Outperform on Papa John's International, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Andrew Strelzik maintains an Outperform rating on Papa John's International (PZZA) but lowers the price target from $80 to $75.
May 10, 2024 | 3:19 pm
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NEUTRAL IMPACT
BMO Capital maintains an Outperform rating on Papa John's International but lowers the price target from $80 to $75, indicating continued confidence in the company's performance albeit with a slightly reduced growth expectation.
The maintenance of an Outperform rating by BMO Capital suggests a positive outlook on Papa John's International's stock, indicating analyst confidence in the company's fundamentals and growth prospects. However, the reduction in the price target from $80 to $75 may reflect a reassessment of the company's future growth potential or market conditions, potentially leading to a neutral short-term impact on the stock as investors digest the implications of the adjusted price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100