UPDATE: Northcoast Research Downgrades Papa John's (PZZA) to Neutral

(Updated - November 7, 2022 7:48 AM EST)

Northcoast Research analyst Jim Sanderson downgraded Papa John's (NASDAQ: PZZA) from Buy to Neutral.

The analyst comments "We are lowering our rating on Papa John’s from BUY to NEUTRAL, concerned that growing macroeconomic headwinds, along with continued inflationary and competitive pressures in the US will limit near-term upside. Though encouraged by the turn-around Papa John’s new management team implemented in 2019 and through the pandemic, we believe sales and earnings momentum will be increasingly difficult to generate going forward."

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 $75.52 yesterday.

You May Also Be Interested In

• Pfizer falls as slowing demand for COVID-19 drugs weighs on outlook
• PayPal (PYPL) price target cut at Deutsche Bank on 'key bogeys' heading into earnings
• Lightshed Partners Starts Meta Platforms Inc. (META) at Buy