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In a report published Wednesday, Morgan Stanley analyst John Glass reiterated an Equal-Weight rating on
Domino's Pizza, Inc.DPZ, and raised the price target from $83.00 to $84.00.
In the report, Morgan Stanley noted, “Accelerating comps encouraging, driven by a balance of increased transactions and ticket.Trends likely to continue into 4Q. Raising FY14 to $2.92 (+4c) and FY15 to $3.38 vs $3.34 prior. A partial refi possible in mid FY15, but not in our base case.”
Domino's Pizza, Inc. closed on Tuesday at $84.30.
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