Guggenheim lowered the firm’s price target on Domino’s Pizza to $350 from $385 and keeps a Neutral rating on the shares. The firm has lowered its 2024 and 2025 EPS forecasts to $15.70 and $17.05, respectively, with “a sizeable cut from FX and reduced share repurchases,” offset by modestly higher assumptions for supply chain profitability.
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Read More on DPZ:
- Domino’s Pizza initiated with a Buy at Deutsche Bank
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- Domino’s Pizza price target lowered to $455 from $460 at RBC Capital
- Domino’s Pizza price target lowered to $401 from $409 at Piper Sandler