Domino’s Pizza price target lowered to $377 from $400 at TD Cowen

TD Cowen lowered the firm’s price target on Domino’s Pizza (DPZ) to $377 from $400 and keeps a Hold rating on the shares. The company’s U.S. sales decelerated through Q1 and management now expects a second half of the year recovery when tougher comparisons are lapped versus prior expectations for a first half weighted year, the analyst tells investors in a research note. TD does not a catalysts for the stock and worries 2025’s hero launches of stuffed crust and DoorDash “demonstrated only a finite lift to sales in a tough pizza category.”