JPMorgan upgraded Domino’s Pizza (DPZ) to Overweight from Neutral with a price target of $450, down from $460. The firm says the company’s “steady share-taking” business model screens attractive to buy the shares at the $400 level. Domino’s franchise-oriented business is “remarkably stable,” the analyst tells investors in a research note. It upgraded Domino’s after re-valuing the restaurant group for “growth quality.”
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Read More on DPZ:
- Domino’s Pizza price target raised to $440 from $420 at Citi
- Balanced Outlook on Domino’s: Solid Growth Prospects Offset by Promotional Dependence and Demand Uncertainties, Justifying a Hold Rating
- Domino’s Pizza: Undervalued Growth Story with Durable Double-Digit Earnings Potential and $500 Price Target
- Regulatory Squeeze: How Expanding Compliance Risks Threaten Domino’s Franchise Model and Profitability
- Domino’s Pizza Inc Signals Steady Growth Ahead