Domino’s Pizza price target lowered to $410 from $430 at JPMorgan

JPMorgan lowered the firm’s price target on Domino’s Pizza to $410 from $430 and keeps an Overweight rating on the shares. The firm remains encouraged on the company’s comments made around the most important U.S. development outlook. Initial expansion of Uber Eats pilot in Las Vegas is being followed by Houston, Miami, Detroit, and Seattle until being national at end of year, the analyst tells investors in a research note. The firm says Domino’s delivery times are now back to 2019 levels while its “product innovation engine is about to accelerate.”