PZZA Updating Our Rating on Papa John’s Given CEO Switch

By Mark Kalinowski Published on August 27, 2019 at 12:00 AM

Earlier today, Papa John’s (PZZA) announced a CEO change, bringing in Rob Lynch — most recently President at privately-held Arby’s Restaurant Group — to be the new CEO. We upgrade the shares of PZZA to Buy (from Neutral) based on this switch, as we expect Mr. Lynch to be a catalyst for a greater pace of change at the company.

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