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Fly News Breaks for June 22, 2018
DPZ
Jun 22, 2018 | 09:03 EDT
Argus analyst John Staszak raised his price target on Domino's Pizza to $320 and kept his Buy rating, saying the company's current valuation does not fully value its earnings growth potential and rising market share. The analyst expects rising sales based on the management's long-term plans to increase the store count by 6%-9% per year. Staszak also sees the company's loyalty program and its mobile/online initiatives to raise U.S. comps in the coming quarters. The analyst is increasing his FY18 EPS forecast to $8.55 from $8.50.
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