TD Cowen analyst Andrew Charles upgraded Domino’s Pizza (DPZ) to Outperform from Market Perform with a price target of $450, up from $420. The firm forecasts the “enticing” U.S. sales narrative from the Uber (UBER) partnership and self- help initiatives to drive positive sales revisions and organic EPS beats, while arguing that potential downside is limited by opportunities to sign new delivery partners once Uber’s exclusivity expires at the end of 2024, the analyst tells investors.
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