UBER - Morgan Stanley Boosts Domino's Pizza Price Target By 5% On Strong Long-Term Outlook | Benzinga
Morgan Stanley analyst Brian Harbour reiterated an Overweight rating on the shares of Domino's Pizza Inc (NYSE: DPZ) and raised the price target from $435 to $455.
With some variant expectations into DPZ's first investor day in several years, the analyst notes the event delivered on strategic detail, financial goals, and encouraging near-term indicators.
DPZ continues to take share from national competitors, regional brands and independents alike in the U.S., and aims to continue to do so with more than $3 billion in incremental sales targeted in the next 5 years, writes the analyst.
The analyst continues to expect other aggregators to be a part of the sales ...