Domino’s Pizza price target raised to $475 from $455 at BMO Capital

BMO Capital raised the firm’s price target on Domino’s Pizza to $475 from $455 and keeps an Outperform rating on the shares. The company’s Investor Day presentation where the management updated its long-term growth algorithm and provided 2024 guidance metrics “checked the boxes” to support the firm’s bullish investment thesis, the analyst tells investors in a research note. The highlight of the event was increasing the long-term retail sales growth target toward the high end of prior range, BMO added.