Stifel analyst Chris O’Cull lowered the firm’s price target on Papa John’s to $90 from $96 and keeps a Buy rating on the shares. The stock has been under "significant pressure" since reporting its Q4 results and, while Stifel disagrees with some concerns, the firm acknowledges EPS estimates aren’t conservative, the analyst tells investors. Stifel acknowledges domestic unit growth is likely to remain in the 1-2% range, but the company’s international development pipeline is robust.
Published first on TheFly
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