DPZ - Domino's Pizza Is An Under Appreciated Revival Story - Oppenheimer Selects As Top Pick | Benzinga
Oppenheimer analyst Brian Bittner reiterated the Outperform rating on Domino's Pizza Inc (NYSE: DPZ), raising the price target to $450 from $427.
The analyst views DPZ as an under-appreciated revival story into '24 and elevates the idea into the "top picks."
Over the past 18 months, the analyst's stance toward DPZ has been less bullish, which now has bottomed out.
On an upbeat note, Bittner expects the company to drive positive earnings revisions, validate unit growth restoration, and repair investor sentiment.
The analyst anticipates a positive revision cycle to begin in 4Q23 as DPZ enters one of the most promising ...