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Fly News Breaks for July 12, 2019
DPZ
Jul 12, 2019 | 08:29 EDT
Maxim analyst Stephen Anderson kept his Buy rating and $315 price target on Domino's Pizza (DPZ) ahead of its Q2 results next week. The analyst expects the management to address its "fortressing" strategy that will allow the company to pick up market share given the ongoing troubles at Papa John's (PZZA). Anderson lowers his FY19 EPS outlook to $9.74 from $9.82 but believes that Domino's Pizza valuation is "attractive" at 10% below the August 2018 high. In FY20, the analyst expects the company's earnings to accelerate to $11.71.
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