BofA lowered the firm’s price target on Domino’s Pizza to $557 from $582 and keeps a Buy rating on the shares. Following the Q3 report, the firm lowered its FY24 EPS forecast to $5.18 from $5.25 as lowered international system growth and U.S. system comps are partly offset by lower supply chain costs and lower G&A. The firm also notes that it lowered its FY25 EPS view to $17.97 from $18.23 as it flows through lower global system sales growth.
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 $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
- Domino’s Pizza price target lowered to $370 from $380 at Barclays