Papa John's Shares Decline Following BofA Downgrade
BofA Securities downgraded Papa John’s (NASDAQ:PZZA) stock to Underperform from its previous rating, reducing the price target to $34. The downgrade led to a premarket share drop of 1.9%. This follows recent operational challenges including weak Q1 earnings and leadership changes.
Tickers: $PZZA
Topics: analyst_downgrade executive_changes share_price_drop