Morgan Stanley analyst Brian Harbour lowered the firm’s price target on Domino’s Pizza to $515 from $540 and keeps an Overweight rating on the shares. The firm said in a research note on Friday that fundamentally, the company’s quarter results were a modestly negative start to Q2 earnings season, and more materially, a statement about positioning/expectations for some of the relative winners in its coverage. Trimmed second half of the year numbers and unit growth uncertainty an overhang for now, Morgan Stanley added.
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