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Fly News Breaks for September 3, 2019
DPZ
Sep 3, 2019 | 07:29 EDT
Cowen analyst Andrew Charles lowered his price target on Domino's Pizza to #260 from $290 based on proprietary data that caused him to also lower his second half comp estimates. The company attributed its Q2 comps shortfall to competitive infringement from third party delivery providers and he said all three of his trackers indicate the third party competition in Q2 has sustained into Q3. Charles maintained his Outperform rating on Domino's Pizza.
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