As previously reported, Gordon Haskett analyst Jeff Farmer upgraded Domino’s Pizza to Buy from Hold with a $467 price target. The firm views the shares as “compelling” given concept-specific market share drivers that could make current Street 2024 same-store sales growth estimates “conservative,” the analyst tells investors. The firm also views Domino’s as the greatest staffing/delivery driver beneficiary, and in turn traffic recovery beneficiary, across the sector as the job market further tightens in 2024, the analyst added.
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