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Fly News Breaks for August 4, 2017
DPZ
Aug 4, 2017 | 08:56 EDT
BofA/Merrill analyst Gregory Francfort continues to believes Domino's will rapidly consolidate share in the fragmented QSR pizza category and believes management's decision to buy back stock rather than issue a special dividend is a sign of confidence in sustained, strong performance. Francort's 2018 earnings estimate is 6% above consensus saying saying the Street significantly underappreciates earnings refinancing impacts. Shares are Buy rated with a $230 price target.
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