Domino’s Pizza price target lowered to $400 from $460 at BTIG

BTIG analyst Peter Saleh lowered the firm’s price target on Domino’s Pizza to $400 from $460 but keeps a Buy rating on the shares. The company’s Q4 earnings and sales were "disappointing" as demand for delivery continues to be challenged, the analyst tells investors in a research note. Domino’s Pizza carryout posted impressive low-teens growth, but it was not enough to offset the mid-single-digit decline in delivery as consumers are opting for dining out, the firm added, even though it remains positive on the stock and maintains its view that an improving trend is coming as the year unfolds.