Domino’s Pizza price target lowered to $480 from $500 at UBS

UBS analyst Dennis Geiger lowered the firm’s price target on Domino’s Pizza (DPZ) to $480 from $500 and keeps a Buy rating on the shares. Macro and weather headwinds are expected to pressure Q1 results and possibly the full-year outlook, with U.S. same-store sales likely below consensus and guidance at risk of being lowered, the analyst tells investors in a research note. Despite near-term softness, the company remains well positioned for long-term U.S. momentum, global store growth, and share gains, with expectations already reset to more conservative levels, the firm says.