JPMorgan lowered the firm’s price target on Domino’s Pizza to $450 from $470 and keeps a Neutral rating on the shares post the Q3 report. The firm says the company’s headline U.S. comp of 3.0% included a relatively meaningful 2.7% benefit from Uber and third-party channel contribution matched with 1.6% price. The results overall show Domino’s getting pulled back by a much broadly more competitive marketplace, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DPZ:
- Domino’s Pizza price target lowered to $557 from $582 at BofA
- Domino’s Pizza price target lowered to $420 from $430 at Stephens
- Domino’s Pizza price target lowered to $420 from $450 at Wells Fargo
- Domino’s Pizza removed from ‘Tactical Underperform’ list at Evercore
- Domino’s Pizza price target lowered to $470 from $480 at Stifel