Why Domino's Pizza (DPZ) Stock Is Rising Thursday
Portfolio Pulse from Erica Kollmann
Domino's Pizza (DPZ) stock is rising after Stifel upgraded its rating from Hold to Buy and raised its price target from $320 to $350 per share. The upgrade is based on Domino's plans to enhance its ordering app and loyalty program, lower commodity costs, and growth opportunities in the customer carry-out channel.
June 15, 2023 | 5:38 pm
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Domino's Pizza stock is rising after Stifel upgraded its rating and raised its price target. The upgrade is based on app enhancements, lower commodity costs, and growth opportunities in the customer carry-out channel.
The Stifel upgrade and raised price target are positive news for DPZ, as it indicates increased confidence in the company's growth prospects. The planned app enhancements and lower commodity costs are expected to improve sales performance and profitability, while the growth opportunities in the customer carry-out channel provide additional potential for revenue generation. These factors contribute to a positive short-term impact on DPZ's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100