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Fly News Breaks for June 5, 2019
DPZ
Jun 5, 2019 | 08:27 EDT
Stephens analyst Will Slabaugh said he believes an "unsustainably high" number of free delivery offers from restaurants and their delivery aggregator partners temporarily hurt more traditional delivery providers, such as Domino's, in Q1. However, he does not expect these offers to keep up at such high rates and thinks that as consumers become more aware of and comfortable with home delivery, that a growing delivery market is good for the best provider, namely Domino's. Slabaugh keeps an Overweight rating and $325 price target on Domino's shares.
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