Papa John’s price target raised to $62 from $50 at KeyBanc

KeyBanc raised the firm’s price target on Papa John’s (PZZA) to $62 from $50 and keeps an Overweight rating on the shares following in-line Q3 earnings results, with domestic and international SSS trends recovering modestly in October. The firm raised its price target to $62 as it believes SSS growth and earnings delivery “can improve from here.”