Domino's Pizza Slices Through Competition As Bullish Analyst Upgrades Stock To Buy
Portfolio Pulse from Priya Nigam
Domino's Pizza Inc (NYSE:DPZ) shares climbed after Stifel analyst Chris O'Cull upgraded the stock from Hold to Buy and raised the price target from $320 to $350. O'Cull believes the company will stabilize its delivery sales and grow its carryout sales to new record levels.
June 15, 2023 | 2:16 pm
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Stifel analyst upgrades Domino's Pizza stock to Buy and raises price target to $350, expecting stabilization in delivery sales and growth in carryout sales.
The Stifel analyst's upgrade to Buy and increased price target for Domino's Pizza indicates a positive outlook for the company. The expectation of stabilizing delivery sales and growing carryout sales to new record levels suggests a strong potential for stock price growth in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100