Domino’s Pizza price target raised to $510 from $460 at Bernstein

Bernstein analyst Danilo Gargiulo raised the firm’s price target on Domino’s Pizza to $510 from $460 on Friday, while keeping a Market Perform rating on the shares. While the firm remains cautious on Domino’s Pizza’s international pressures and slow category growth, the heightened promotional environment may reward the operator with the most sophisticated data engine, and tailwinds from loyalty program and aggregators partnership may support its near-term growth momentum. A further multiple compression may represent an interesting buying opportunity for the stock given the challenging category and continuing pressures abroad, Bernstein adds.