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Fly News Breaks for November 4, 2019
GRUB, DPZ
Nov 4, 2019 | 07:40 EDT
Cowen analyst Andrew Charles lowered his comps on Domino's Pizza (DPZ) as he grew concerned about a potential deceleration in delivery trends and GrubHub's (GRUB) plans to accelerate $0 delivery free promos in Q4. GrubHub's plans throw cold water on any hopes for moderation in the promotional environment. The analyst sees the GrubHub situation more problematic near-term than longer term. Charles maintained his Outperform rating and $295 price target on Domino's Pizza shares.
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