Papa John’s price target lowered to $95 from $100 at BTIG

BTIG analyst Peter Saleh lowered the firm’s price target on Papa John’s to $95 from $100 but keeps a Buy rating on the shares. The company’s Q2 results were “weak” as domestic comps turned negative in April/May before recovering in June and with the long-term development outlook reduced, the analyst tells investors in a research note. The firm adds however that it remains positive on shares given an improving commodity and labor environment, robust product pipeline, and eventual profit recovery.