Argus analyst John Staszak lowered the firm’s price target on Domino’s Pizza to $480 from $500 and keeps a Buy rating on the shares. The company’s Q3 results were “mixed” with a miss on revenue, though the firm remains positive on its economies of scale, early entry into the pizza delivery business and prospects for growth in international and domestic markets, 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 $440 from $460 at Bernstein
- Domino’s Pizza price target lowered to $500 from $510 at BMO Capital
- Domino’s Pizza price target lowered to $480 from $500 at Deutsche Bank
- Domino’s Pizza price target lowered to $510 from $520 at Morgan Stanley
- Domino’s Pizza price target lowered to $490 from $500 at RBC Capital