BMO Capital analyst Andrew Strelzik raised the firm’s price target on Domino’s Pizza (DPZ) to $540 from $515 and keeps an Outperform rating on the shares. The company’s Q1 earnings topped consensus due to gain on investment, stronger international comp, lower G&A, and slightly higher supply chain profits, the analyst tells investors in a research note. Domino’s Pizza remains a compelling U.S. comp re-acceleration story behind visible sales drivers, and the firm sees a multiple expansion opportunity as that plays out, BMO added.
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Read More on DPZ:
- Domino’s Pizza price target raised to $549 from $520 at BofA
- Domino’s Pizza price target raised to $510 from $492 at Morgan Stanley
- Domino’s Pizza price target raised to $550 from $500 at RBC Capital
- Domino’s Pizza price target raised to $535 from $520 at Benchmark
- Domino’s Pizza price target raised to $564 from $555 at Loop Capital
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