Stephens analyst Jim Salera raised the firm’s price target on Domino’s Pizza to $513 from $479 and keeps an Equal Weight rating on the shares. While results were above expectations on all major line items, they were likely in-line with where investor expectations were heading into the quarter with shares up about 12% in the last week, the analyst says. The set up “appears generally encouraging going forward,” added the analyst, whose focus remains on gaining better visibility and confirmation around the pace and timing of the next leg of operational execution.
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