Domino’s Pizza price target lowered to $380 from $430 at BMO Capital

BMO Capital analyst Andrew Strelzik lowered the firm’s price target on Domino’s Pizza to $380 from $430 but keeps an Outperform rating on the shares. The company’s Q4 performance was "softer" and the management lowered its two-to-three year outlook for retail sales and unit growth due to U.S. delivery business pressures, the analyst tells investors in a research note. The firm adds however that while challenges have persisted longer than anticipated, Domino’s Pizza shares already reflect slower growth, and it believes that the company’s performance should improve.