Citi raised the firm’s price target on Domino’s Pizza (DPZ) to $500 from $480 and keeps a Neutral rating on the shares. The firm understands why investors may come away from the company’s Q1 results more constructive despite a “muted tone” on the macro environment given its guidance still implies an acceleration to same-store-sales in the second half. However, Citi believes the shares are largely pricing this in.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DPZ:
- Domino’s Pizza Positioned for Growth with Strategic Initiatives and Market Expansion
- Domino’s Pizza: Hold Rating Amidst Challenging Macroeconomic Environment and Limited Upside Potential
- Domino’s Earnings Call: Strategic Moves Amid Challenges
- Domino’s Pizza price target raised to $550 from $500 at RBC Capital
- Domino’s Pizza: Positioned for Growth and Stability Amid Market Challenges