Domino’s Pizza price target lowered to $419 from $507 at Loop Capital

Loop Capital lowered the firm’s price target on Domino’s Pizza to $419 from $507 and keeps a Hold rating on the shares. While the company’s Q2 earnings topped estimates, the management also lowered its unit growth outlook as it now expects to fall short of its previous guidance for 925 net openings internationally this year by 175-275 units, the analyst tells investors in a research note. Loop is also cutting its Q3 EPS view by 15c to $3.35 as well as its FY25 view by 18c to $17.47 following the Q2 update.