Benchmark lowered the firm’s price target on Domino’s Pizza (DPZ) to $430 from $465 and keeps a Buy rating on the shares. Q1 results reflected a confluence of competitive, macro, and weather-related pressures, but management made it clear during the conference call that the unit-level “profit power” that the brand enjoys will be employed to compete more aggressively, the analyst tells investors.
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Read More on DPZ:
- Domino’s Pizza price target lowered to $420 from $470 at Mizuho
- Domino’s Pizza price target lowered to $350 from $400 at RBC Capital
- Domino’s Pizza price target lowered to $430 from $440 at JPMorgan
- Domino’s Pizza price target lowered to $390 from $470 at Bernstein
- Domino’s Pizza price target lowered to $365 from $425 at Citi