BUZZ-Papa John's jumps after report of takeover interest
Reuters03-12
BUZZ-Papa John's jumps after report of takeover interest
** Shares of Papa John's PZZA.O jump 19% to $38.78 following a Wall Street Journal report that the pizza company is attracting takeover interest
** PZZA is reviewing a bid from private equity firm Irth Capital Management, which includes backing from Brookfield Asset ManagementBAM.N, WSJ reported, citing people familiar with the matter
** PZZA is on track for biggest daily pct gain since March 2020 if gains hold
** 18 analysts cover PZZA, giving an average rating of "buy" and median PT of $38, per data compiled by LSEG
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