Barclays analyst Jeffrey Bernstein raised the firm’s price target on Domino’s Pizza (DPZ) to $425 from $420 and keeps an Underweight rating on the shares as part of a Q1 preview for the restaurant group. Comps were challenged by weather to start Q1, before a partial March rebound, the analyst tells investors in a research note. However, the firm says the lack of a full recovery is proof of an underlying easing in consumer spending. While most restaurants are insulated from tariffs from a supply chain impact, “not so much for the demand decline to follow,” the analyst tells investors in a research note.
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