JP Morgan Downgrades Domino's Pizza to Neutral, Raises Price Target to $430
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe downgraded Domino's Pizza (NYSE:DPZ) from Overweight to Neutral but raised the price target from $420 to $430.
February 27, 2024 | 11:54 am
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NEUTRAL IMPACT
Domino's Pizza was downgraded by JP Morgan from Overweight to Neutral, although the price target was increased from $420 to $430.
The downgrade to Neutral suggests a more cautious outlook on DPZ's stock performance in the short term, potentially due to market saturation or other operational challenges. However, the increase in the price target indicates an underlying confidence in the company's value proposition and financial health. This mixed signal could lead to short-term market uncertainty for DPZ's stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100