Stephens analyst Joshua Long raised the firm’s price target on Papa John’s to $95 from $88 and keeps an Overweight rating on the shares. While strong multiyear performance is expected to pressure year-over-year comparable sales trends in the current Q1 period, the "long-term story remains intact," the analyst tells investors in a research note following the company’s "generally ahead of expectations" Q4 earnings.
Published first on TheFly
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