Baird analyst David Tarantino maintained an Outperform rating on Domino's Pizza and $310 price target ahead of the company's April 24 earnings report. Although comps may have slowed in Q1 as U.S./international segments lapped more difficult comparisons than in Q4, Tarantino tells investors in a research note that he believes investor sentiment about this potential outcome has become overly cautious, creating opportunity for a better-than-feared scenario to lead to a bounce in the shares. Looking ahead, Tarantino remains optimistic Domino's can deliver 2019 comps within its long-term target of 3%-6%, and feels this dynamic will help to strengthen investor confidence in longer-term growth fundamentals and support higher valuation metrics on the shares.