Domino’s Pizza price target raised to $460 from $395 at Wells Fargo

Wells Fargo raised the firm’s price target on Domino’s Pizza to $460 from $395 and keeps an Equal Weight rating on the shares. While Q4 wasn’t perfect, bulls got the U.S./Delivery comp inflection they were looking for with solid flow through and 2024 upside preserved, the firm argues. That said, a 4% comp bar “isn’t a slam dunk,” Q1 compares are tougher and about 30-times leaves little room for error, Wells adds.