Nomura Securities Starts Papa John's (PZZA) at Buy

Nomura Securities initiates coverage on Papa John's (NASDAQ: PZZA) with a Buy rating and a price target of $85.00.

Analyst Mark Kalinowski commented, "We initiate coverage of Papa John’s International (PZZA) – the fourth-largest pizza chain in the U.S. – with a Buy rating and $85 target price, and as our top pick among the U.S.-based small/mid-cap restaurants we cover. Positives and opportunities include Papa John’s positioning as a key leader in driving the “digital revolution” in how consumers order pizza delivery, long-term international growth opportunities, and its “higher quality” brand positioning within the pizza category."

For an analyst ratings summary and ratings history on Papa John's click here. For more ratings news on Papa John's click here.

Shares of Papa John's closed at $68.48 yesterday.

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