As reported earlier, Maxim analyst Stephen Anderson upgraded Domino's Pizza to Buy from Hold and raised his price target to $310 from $305 after its Q3 results. The analyst says the pullback in the stock price is overdone and expects accelerated cost savings and solid comps to yield higher earnings, raising his FY20 EPS view to $12.01 from $11.72. Anderson also notes that investors concerns around overseas weakness should be addressed quickly while attributing the improved U.S performance to accelerated opening of additional supply facilities.

UBS raised the firm's price target on Domino's Pizza to $570 from $526 and keeps a Buy rating on the shares. Domino's Pizza is well-positioned for sustained multiyear U.S. sales momentum, with support from a solid value proposition, digital and loyalty enhancement, improved service levels, menu innovation, marketing and third aggregator partnerships, the analyst tells investors in a research note. The firm's 2024 Quick Service Restaurant Survey results suggest consumers maintain strong affinity for the brand with multiple attributes that continue to resonate, and solidly positive visit intent over the near-term, UBS says.