Mizuho analyst Jeremy Scott lowered his price target for Domino's Pizza to $305 from $320 while maintaining a Buy rating on the shares following the company's Q2 results. Most of the earnings beat came on the tax line as global retail sales growth of ~1% below expectations, driven primarily by soft traffic in the U.S., Scott tells investors in a research note. He believes, however, that while Domino's "continues to battle against an aggressive" third-party delivery industry, its investments in digital and aggressive unit expansion in the U.S. will position it well when the "delivery dust settles."