Domino’s Pizza price target lowered to $400 from $485 at Stifel

Stifel analyst Chris O’Cull lowered the firm’s price target on Domino’s Pizza (DPZ) to $400 from $485 and keeps a Buy rating on the shares following a “soft” Q1 report. Domino’s is leveraging its scale and marketing “war chest” to sustain franchisee profitability, while competitors will likely struggle to generate sufficient volume to continue promoting margin-dilutive offers, contends the analyst, who believes the post-earnings pullback “offers a compelling entry point for a leader poised for 2H recovery and long-term share gains.”