Market Overview

UPDATE: Oppenheimer Raises PT to $50 on Domino's Pizza on Catalysts

Related DPZ
Goldman Sachs Just Resumed Coverage On These Restaurant Stocks
Fast Money Picks For December 2: Domino's Pizza, Walgreen, ADT And The S&P Retail ETF
How to Profit from Cyber Pain (Fox Business)

Oppenheimer reiterated its Outperform rating on Domino's Pizza (NYSE: DPZ) and increased its price target from $44 to $50.

Oppenheimer noted, "DPZ represents a potential bright spot in '13—a year most restaurants must absorb challenging top and bottom-line industry headwinds. DPZ's model possesses rare drivers that could provide an unusual acceleration in fundamentals and EPS upside: 1) domestic SSS are equipped with easing comparisons, impactful product innovation and a secular technology tailwind; 2) International profits could re-accelerate as FX headwinds disappear, unit growth accelerates and G&A leverages; 3) rising food costs are immaterial to EPS given the 3% co-owned model; and 4) robust FCF could drive higher-than-expected share repurchases."

Domino's Pizza closed at $42.81 on Wednesday.

Latest Ratings for DPZ

DateFirmActionFromTo
Dec 2014Goldman SachsInitiates Coverage onNeutral
Nov 2014Miller TabakDowngradesBuyHold
Nov 2014CitigroupMaintainsNeutral

View More Analyst Ratings for DPZ
View the Latest Analyst Ratings

Posted-In: OppenheimerAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (DPZ)

Around the Web, We're Loving...

Get Benzinga's Newsletters