BMO Capital lowered the firm’s price target on Domino’s Pizza (DPZ) to $450 from $500 and keeps an Outperform rating on the shares. The company’s Q1 earnings missed consensus due to softer global comps, including a slowdown in March, the analyst tells investors in a research note. While share gains continue and Domino’s is making adjustments for more challenged environment, comp trajectory may face medium-term pressures against tougher comparisons, the firm added.
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Read More on DPZ:
- Domino’s Pizza price target lowered to $420 from $470 at Mizuho
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