Papa John’s price target raised to $52 from $50 at Stephens

Stephens raised the firm’s price target on Papa John’s (PZZA) to $52 from $50 and keeps an Overweight rating on the shares after the company delivered “strong” Q2 results. The company reaffirmed FY25 guidance for North American comps, while raising the International comp outlook, and commentary around increased loyalty engagement, improving brand health, and a stepped-up innovation “reinforces confidence” in a sales inflection in the second half, the analyst tells investors.