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Fly News Breaks for January 13, 2017
DPZ
Jan 13, 2017 | 07:49 EDT
Maxim analyst Stephen Anderson noted that Domino's Pizza management raised the high end of long-term U.S. comp guidance for the second year in a row at the company's investor conference yesterday. They also raised long-term global unit growth guidance this year and increased capex and SG&A expense guidance, noted Anderson, who raised his price target on the stock to $171 from $162. Anderson keeps a Hold rating on Domino's shares, though, as he prefers to wait for a pullback given current valuation.
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