Citi analyst Jon Tower raised the firm’s price target on Domino’s Pizza to $441 from $407 and keeps a Buy rating on the shares. The analyst continues to believe "idiosyncratic drivers" like pricing, Boost Weeks and carryout share gains will fuel U.S. comp improvement through early 2023 for Domino’s Pizza. In addition, easing commodity prices may act as a positive to store margins and core customer purchasing power in the year ahead, Tower tells investors in a research note.
Published first on TheFly
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