Domino’s Pizza price target raised to $505 from $458 at Citi

Citi raised the firm’s price target on Domino’s Pizza to $505 from $458 but keeps a Neutral rating on the shares. The firm expects the company’s results to stand out to the upside among global quick service restaurants this earnings season given the management’s slew of initiatives undertaken – including loyalty and promo intensity ramp – to re-invigorate sales, the analyst tells investors in a research note. Citi adds however that investors will need to hear that there remains a clear path to positive earnings revisions over the next 12 months.