Papa John's (PZZA) has had its price target raised by UBS to $56 from $47, with a Neutral rating on the stock.
The adjustment comes after the company's Q3 results, which showed ongoing pressures on same-store sales. Analysts highlighted the strategic plans discussed during the earnings call, which aim to improve performance through 2025.
The report emphasizes the need for improved same-store sales growth and greater visibility into unit expansion to drive potential upside for the company.