While pizza may seem like a fast food category that is resistant to all the challenges, recent industry trends suggest otherwise. American consumers deal with heavy pressures on their wallets, as 49% of them say it is hard to afford food, and 60% are actively worrying about grocery costs, ...

Papa John's International Inc (NASDAQ:PZZA) was downgraded to 'Underperform' from 'Neutral' by Bank of America, with analysts citing the company's chief financial officer's departure, persistent competitive pressures and a less optimistic outlook for same-store sales growth (SSSG). The...

Consumer stocks were mixed late Monday afternoon, with the State Street Consumer Staples Select Sect

Consumer stocks were mixed Monday afternoon, with the State Street Consumer Staples Select Sector SP

Papa John's International's (PZZA) chief financial officer's departure likely suggests a sharp opera

American Express, Biogen upgraded: Wall Street's top analyst calls

Investing.com -- Bank of America downgraded Papa John's International to Underperform from Neutral and cut its price objective to $34 from $42, citing growing uncertainty over the pizza chain's turnaround following the departure of its chief financial officer and intensifying competitive pressures.

Analyst Downgrade Weighs on SharesPapa John’s (NASDAQ:PZZA) shares fell 1. 9% in premarket trading after BofA Securities downgraded the pizza chain to Underperform from its previous rating, while reducing its price target to $34 from $42.

The announcement from parent company MTY Food Group follows recent waves of restaurant closures from Pizza Hut and Papa John’s.

Wall Street analysts handed out surprise upgrades and painful downgrades on Monday, shifting outlooks for companies ranging from a pizza chain to a crypto-adjacent fintech as second-quarter earnings season prepares to kick off against a backdrop of Iran strikes and surging Treasury yields.