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Papa John’s price target lowered to $40 from $45 at Stifel

Stifel analyst Chris O’Cull lowered the firm’s price target on Papa John’s (PZZA) to $40 from $45 and keeps a Hold rating on the shares. The firm updated its model to reflect the company’s new segment reporting and also reduced its Q1 comp projection following recent checks that indicated domestic same-restaurant sales trends remain soft, the analyst tells investors.

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