Deutsche Bank initiated coverage of Domino’s Pizza with a Buy rating and $430 price target. The analyst says Domino’s offers a favorable setup into Q3 and 2024, supported by accelerating smore-store-sales, accelerating unit growth and margin expansion. The firm is encouraged the company is increasing efforts to reaccelerate growth following a couple years “of what has been a lackluster strategy.” It believes current estimates appear achievable.
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