Domino’s Pizza price target lowered to $510 from $575 at Wedbush

Wedbush lowered the firm’s price target on Domino’s Pizza to $510 from $575 and keeps an Outperform rating on the shares. Domino’s Q2 domestic same-store sales growth was largely in line with expectations, while international SSS growth was above expectations, the analyst tells investors in a research note. The company reiterated 2024 top line guidance, which implies second half domestic SSS growth below consensus, and Wedbush says the temporary suspension of the global unit growth outlook is “not a good look.”