Market Overview

UPDATE: Bank Of America Downgrades Domino's Pizza On Valuation

Share:

In a note released Tuesday morning, Bank of America analyst Joseph Buckley downgraded shares of Domino's Pizza (NYSE: DPZ) from Neutral to Underperform and lowered the price target from $77 to $68.

Buckley explained that the Domino's downgrade comes amid solid performance from the company over the last few years and is based on valuation rather than an event.

Looking at the $68 price target, Buckley noted that it reflects a free cash flow yield of four percent and 14x EV/EBITDA multiple.

Latest Ratings for DPZ

DateFirmActionFromTo
Oct 2020Stephens & Co.MaintainsOverweight
Oct 2020RBC CapitalMaintainsOutperform
Oct 2020Morgan StanleyMaintainsOverweight

View More Analyst Ratings for DPZ
View the Latest Analyst Ratings

 

Related Articles (DPZ)

View Comments and Join the Discussion!

Posted-In: Bank of America Joseph BuckleyAnalyst Color News Downgrades Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
PMTB of A SecuritiesMaintains18.5
IVRB of A SecuritiesMaintains3.0
EFCB of A SecuritiesMaintains15.5
NYMTB of A SecuritiesMaintains3.5
NLYB of A SecuritiesMaintains8.5
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com