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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DPZ:
- Domino’s Pizza price target raised to $560 from $510 at Evercore ISI
- H&R Block, Domino’s Pizza partner to incentivize last-minute tax filers
- Loop Capital checks suggest Q1 comps growth at Domino’s Pizza below expectations
- Domino’s Pizza price target raised to $550 from $525 at TD Cowen
- Shake Shack (NYSE:SHAK): Margin Woes Threaten the Stock’s Momentum