Domino’s Pizza price target raised to $520 from $514 at Morgan Stanley

Morgan Stanley analyst Brian Harbour raised the firm’s price target on Domino’s Pizza (DPZ) to $520 from $514 and keeps an Overweight rating on the shares following Q2 results. A muted stock reaction to a solid quarter doesn’t have a clean explanation, but is perhaps a function of investor positioning, rather robust expectations in some corners, or the ongoing debate about Domino’s 2026+ growth rate within a slow growing segment, the firm told investors in a research note. Morgan Stanley added that numbers for the next year seem “achievable, if not beatable.” The firm concluded that the fact Domino’s is executing well in several key growth initiatives deserves due credit.