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Today’s Research Reports on Stocks to Watch: Papa John’s and Whirlpool

NEW YORK, NY / ACCESSWIRE / October 10, 2018 / Papa John’s share were soaring Monday late afternoon and even into Tuesday as the Wall Street Journal reported that Trian Fund Management may be interested in buying the company. Shares of Whirpool plummeted yesterday as a JP Morgan analyst put out some bearish comments on the company in a note to investors and downgraded his rating.

RDI Initiates Coverage on:

Papa John's International, Inc.

Whirlpool Corporation

Papa John's International, Inc. shares were up nearly 9% on Tuesday, with trading volume a lot higher than normal after Wall Street learned that activist hedge fund Trian Fund Management was considering making a takeover offer for the company. According to a Wall Street Journal report that cited multiple unnamed sources, Trian recently reached out to Papa John's to obtain more information about the company. Shares were climbing as much as 16% on Monday in after-hours trading after the news broke. It was also recently reported that ousted chairman John Schnatter, who founded the company, was also interested in finding a way to buy back his company but he denied those reports through a spokesman. Schnatter left his role as chairman after it was revealed that he said the N-word during a conference call back in spring.

Access RDI’s Papa John's International, Inc. Research Report at:

Whirlpool Corporation shares closed down 5.56% on about 1.6 million shares traded on Tuesday. The appliance company saw its shares tank after getting a downgrade from J.P. Morgan. According to the firm's analyst Michael Rehaut, U.S. Core 6 appliance industry shipments have remained consistently weak over the last several months, declining by an average of 5% year-over-year over the last five months through August. This puts year-to-date industry shipments down 1% versus Whirlpool's outlook for full-year growth of 1% to 2%. He wrote, "As a result, we believe downside risk exists to [Whirlpool's] industry outlook as well as its North America margins due to reduced production levels and a potentially more competitive industry backdrop resulting from reduced demand as well as possibly pricing power." Rehaut cut his rating on the stock from "overweight" to "neutral."

Access RDI’s Whirlpool Corporation Research Report at:

Our Actionable Research on Papa John's International, Inc. (NASDAQ: PZZA) Whirlpool Corporation (NYSE: WHR) can be downloaded free of charge at Research Driven Investing.

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