Domino’s Pizza price target raised to $570 from $526 at UBS

UBS raised the firm’s price target on Domino’s Pizza to $570 from $526 and keeps a Buy rating on the shares. Domino’s Pizza is well-positioned for sustained multiyear U.S. sales momentum, with support from a solid value proposition, digital and loyalty enhancement, improved service levels, menu innovation, marketing and third aggregator partnerships, the analyst tells investors in a research note. The firm’s 2024 Quick Service Restaurant Survey results suggest consumers maintain strong affinity for the brand with multiple attributes that continue to resonate, and solidly positive visit intent over the near-term, UBS says.