Barclays Maintains Underweight on Domino's Pizza, Raises Price Target to $470
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Underweight rating on Domino's Pizza (NYSE:DPZ) and raises the price target from $405 to $470.
April 30, 2024 | 1:04 pm
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Barclays maintains an Underweight rating on Domino's Pizza but raises the price target from $405 to $470.
While the Underweight rating suggests skepticism about Domino's Pizza's stock performance, the increase in the price target from $405 to $470 indicates a positive adjustment in valuation expectations. This mixed signal could lead to short-term uncertainty among investors, potentially causing neutral impact on the stock price as the market digests both the continued caution and the raised valuation target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100