Domino's Pizza price target raised to $385 from $336 at Wells Fargo » 09:0907/1307/13/20
Wells Fargo analyst Jon…
Wells Fargo analyst Jon Tower raised the firm's price target on Domino's Pizza to $385 from $336 and keeps an Equal Weight rating on the shares. The analyst is generally in-line with the Street for Q2, but worries that same-store sales are set to decelerate from current levels as short-term tailwinds for the business tied to COVID abate and competition for off-premise remains high. Tower sees this keeping further valuation expansion at bay and views the risk/reward as balanced at current levels.
Domino's Pizza price target raised to $435 from $415 at RBC Capital » 08:4107/1307/13/20
RBC Capital analyst…
RBC Capital analyst Christopher Carril raised the firm's price target on Domino's Pizza to $435 from $415 and keeps an Outperform rating on the shares ahead of its Q2 results this Thursday. The analyst notes that the stock is trading at a new all-time high and expectations are "elevated" heading into earnings, but he also sees the new dine-in restrictions in the company's biggest markets, along with Domino's value positioning and digital trends, as supportive of its strong momentum. Carril is raising his FY20 EPS view for Domino's Pizza by 5c to $11.44 and for FY21 by 23c to $12.49.
Domino's Pizza price target raised to $440 from $405 at BTIG » 07:4407/1307/13/20
BTIG analyst Peter Saleh…
BTIG analyst Peter Saleh raised the firm's price target on Domino's Pizza to $440 from $405 and keeps a Buy rating on the shares. The analyst is turning more confident in the company's sales momentum as it continues to benefit from pandemic-related dining disruptions while noting that same-store sales trends in June remained "robust". Saleh adds that Domino's should benefit from its menu innovation in the second half of the year and also also cites the company's "digital cost advantage", allowing the brand to reinvest into its "quality and value."
Uber CEO tells NDTV ride-hailing to make up 50% of business moving forward » 06:2107/1307/13/20
Uber CEO Dara…
Uber CEO Dara Khosrowshahi told NDTV in an interview that ride-hailing will make up only 50% of the company's business moving forward. "Our delivery business is growing at rates that, frankly, I didn't think was possible, and we have doubled up on that," Khosrowshahi told NDTV. "So we're augmenting the organic growth with acquisition as well and I think we're cementing a real leadership position in what's going to be a very, very big market going forward." Reference Link
GrubHub enters partnership with Tim Hortons U.S. » 09:1207/1007/10/20
Tim Hortons U.S. is…
Tim Hortons U.S. is partnering with Grubhub to offer delivery in select regional markets, including Grand Rapids, Michigan, Detroit, Michigan, Rochester, New York, and Columbus, Ohio.
Domino's Pizza price target raised to $375 from $350 at MKM Partners » 09:0007/1007/10/20
MKM Partners analyst…
MKM Partners analyst Brett Levy raised the firm's price target on Domino's Pizza to $375 from $350 but keeps a Neutral rating on the shares ahead of its Q2 earnings next week. The analyst notes that the company's early second quarter sales trends were robust, with an increase of 14% and 1% in domestic and international comps, though "on paper", the recent run-up in stock could create an opportunity for a potential reversion to the mean.
Domino's Pizza price target raised to $425 from $405 at Oppenheimer » 07:5407/1007/10/20
Oppenheimer analyst Brian…
Oppenheimer analyst Brian Bittner raised the firm's price target on Domino's Pizza to $425 from $405 and keeps an Outperform rating on the shares. The analyst sees potential for positive earnings revisions through 2021, adding that a recent flood of increased demand could prove "sticky" as customers are converted, and the upcoming new product launch could enable new incrementality.
Uber-backed influence campaign loses support of privacy groups, Wired reports » 06:0907/1007/10/20
An Uber-backed influence…
An Uber-backed influence campaign against bike and scooter "rider surveillance" lost the support of major privacy groups once they found out the company was involved, Wired's Aarian Marshall reports. Communities Against Rider Surveillance, which Uber supports, is trying to influence the debate over how cities use shared bike and scooter data. Reference Link
MKM Partners communications analysts holds analyst/industry conference call » 04:5507/0907/09/20
Communication Services Analysts, along with Sami Naim, the former Director of Public Policy at GrubHub, participate in a video conference to be held on July 9.
Uber call volume above normal and directionally bullish » 10:4507/0807/08/20
Bullish option flow…
Bullish option flow detected in Uber with 49,299 calls trading, 2x expected, and implied vol increasing over 1 point to 67.50%. Jul-20 34.5 calls and Jan-21 38 calls are the most active options, with total volume in those strikes near 11,900 contracts. The Put/Call Ratio is 0.13. Earnings are expected on August 6th.