JPMorgan downgraded Domino’s Pizza to Neutral from Overweight with a price target of $430, up from $420. The shares have returned 59% since June 1 and now is the right price to take profits, the analyst tells investors in a research note. The analyst says the catalysts during the past 6-8 months, namely Domino’s improving sales growth in a broadly decelerating group, are now fully priced in the shares.
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