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Fly News Breaks for April 16, 2019
DPZ
Apr 16, 2019 | 09:04 EDT
Wells Fargo analyst Jon Tower lowered his price target for Domino's Pizza to $240 from $250 ahead of quarterly results. The analyst sees risks to Q1 and 2019 EPS, which may keep multiple expansion at bay in the near-term. Further, Tower believes investor concerns around incremental competition in delivery and value will grow louder if global same-store sales come in shy of already muted expectations. He reiterates a Market Perform rating on the shares.
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