Papa John's CEO Departure Is A Surprise, Says Analyst - Papa John's International (NASDAQ:PZZA)

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Papa John's CEO Departure Is A Surprise, Says Analyst - Papa John's International (NASDAQ:PZZA)

BMO Capital Markets analyst Andrew Strelzik reiterated an Outperform rating on the shares of Papa John’s International Inc (NASDAQ:PZZA) and lowered the price target from $90 to $80. Yesterday, PZZA announced that CEO Rob Lynch would depart on April 30 to assume another CEO position, with advisory support through April. The analyst is surprised with Lynch’s departure as he led PZZA’s recovery over past 4-5 years, moved HQ to Atlanta recently and…