Domino's Pizza (DPZ) PT Raised to $330 at Cowen

Cowen analyst Andrew Charles raised the price target on Domino's Pizza (NYSE: DPZ) to $330.00 (from $295.00) while maintaining a Outperform rating.

The analyst commented, "1Q results inspired confidence that the DPZ playbook is successful at offsetting headwinds from third-party delivery and fortressing. We maintain 2019-20E for ~5% domestic comp growth, predicated on steady underlying trends persisting from 1Q19 through 2Q-4Q19, and deceleration in 2020 based on conservatism. The U.S. accounts for ~75% of DPZ profits, though we acknowledge lowered 2019E int'l comps."

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