NEW YORK, NY / ACCESSWIRE / August 14, 2018 / Papa John’s Pizza saw gains of almost 4% on Monday at the close after another analyst upgraded the stock to a buy. Shares of Harley-Davidson weren’t as lucky after suffering trader concern over President Trump supporting a boycott of the company.
RDI Initiates Coverage on:
Papa John's International, Inc.
Papa John's International, Inc. shares closed up 3.85% on Monday on about 2.7 million shares traded. Another analyst has upgraded the stock from "neutral" to "buy" and has said, "it can only get better”. Analyst Alton Stump of Longbow Research wrote last Friday, "We believe the shares of [Papa John's] represent an attractive entry point ahead of a recovery in same-store sales and/or transaction taking place." Earlier this month Jefferies analyst Alexander Slagle also upgraded the stock to a "buy" rating. Papa John's reported concerning earnings recently and also has faced controversy since July, when it was revealed that the company's founder John Schnatter had used a racist remark in a call in May. Schnatter has since resigned as chairman of the board and had his founder's agreement revoked. He has been very vocal about taking back the company he started.
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Harley-Davidson, Inc. shares were down 4.32% at the close on Monday after President Donald Trump said it would be "great" if there was a boycott against the company. In his tweet, President Trump wrote, "Many @harleydavidson owners plan to boycott the company if manufacturing moves overseas. Great! Most other companies are coming in our direction, including Harley competitors. A really bad move! U.S. will soon have a level playing field, or better." According to Harley-Davidson, the president's additional tariffs would add approximately $2,200 to the price of the average motorcycle they sell in Europe, a price increase they do not feel they can pass along to dealers or customers and remain competitive. Yesterday both Wisconsin Gov. Scott Walker and Republican U.S. Senate candidate Kevin Nicholson came out against boycotting the motorcycle manufacturer. CNBC's Jim Cramer remarked, "I feel bad for Harley-Davidson, because they are not getting a break." He added, "I don't think people realize the kinds of tariff pressures they [foreign countries] put on our companies that try to sell heavy equipment and anything over there. The tariffs are insane. I wish the president would use an example that this [trade war] is forced by our so called allies."
Access RDI’s Harley-Davidson, Inc. Research Report at:
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