Domino’s Pizza price target raised to $525 from $475 at Wells Fargo

Wells Fargo raised the firm’s price target on Domino’s Pizza (DPZ) to $525 from $475 and keeps an Equal Weight rating on the shares. The firm says Domino’s Pizza’s Q1 impressed with a U.S. comp beat, strong EBIT% and clear momentum despite little Uber (UBER) help. For Q2 and second half of the year, EBIT% upside inevitably fades and the sustainability debate lingers, Wells argues.