Analyst Upgrades Papa John's Because Growing Civil Unrest Means More Pizza Deliveries
Top-line growth with two-topping pizzas.
A blindfolded demonstrators holds a copy of the U.S. Constitution during a protest outside Hyatt Hotels Corp.'s Grand Hyatt at Grand Central Station, during the New York State Republican Gala in New York, on April 14, 2016.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Papa John's International Inc. is poised to perform well as civil and political disruptions ahead of a contentious U.S. election prompt Americans to stay in rather than eat out, according to KeyBanc Analyst Chris O'Cull.
The analyst upgraded the stock to "overweight" from "sector weight" and upped his price target to $80, which is the highest among analysts surveyed by Bloomberg.