Papa John’s price target lowered to $54 from $60 at BMO Capital

BMO Capital analyst Andrew Strelzik lowered the firm’s price target on Papa John’s (PZZA) to $54 from $60 and keeps an Outperform rating on the shares. The company’s Q3 EBITDA of $48M missed consensus of $51M, reflecting North America comp softness as turnaround stalled amid softer consumer and increasingly promotional landscape, the analyst tells investors in a research note.