RBC Capital Maintains Outperform Rating for Domino's Pizza: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Outperform rating for Domino's Pizza (NYSE:DPZ) but lowered its price target from $460.00 to $455.00. Domino's shares are currently trading down 1.19% at $346.00 per share. A move to $455.00 would represent a 31.5% increase from the current share price. Domino's is the largest player in the global pizza market with roughly $17.7 billion in 2022 system sales.
October 13, 2023 | 5:00 pm
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RBC Capital maintains Outperform rating for Domino's Pizza but lowers its price target. This could potentially lead to a short-term decrease in the stock price.
The lowering of the price target by RBC Capital, despite maintaining an Outperform rating, could lead to a decrease in investor confidence, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100