Barclays Downgrades Domino's Pizza To Underweight

  • Barclays analyst Jeffrey Bernstein downgraded Domino's Pizza Inc DPZ to Underweight from Equal Weight with a price target of $495, down from $500.
  • Domino's has "continued to deliver best in class fundamentals," but "industry headwinds are fading, leading to an easing in Domino's tailwinds," Bernstein told investors.
  • The analyst believes the stock's valuation is "fully loaded" at current levels.
  • Remarking on U.S. restaurants, Barclays expects more tailwinds than headwinds in 2022.
  • Price Action: DPZ shares are trading lower by 0.54% at $520.35 on the last check Wednesday.
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DPZDomino's Pizza Inc
$483.11-0.30%

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