Domino's Pizza (DPZ) PT Raised to $325 at Cowen; Financial Engineering Opportunities to Drive Upside

Cowen analyst Andrew Charles raised the price target on Domino's Pizza (NYSE: DPZ) to $325.00 (from $295.00) while maintaining an Outperform rating.

The analyst commented, "We maintain our street-low 0.6% 4Q domestic comp est vs 2.2% consensus, and 2020 3.5% est vs 2.8% consensus as we expect DPZ to be more active with menu innovation, loyalty enhancements and marketing. Amid a fluid sales environment, we have greater appreciation for DPZ's financial engineering opportunities that could lead to favorable 2020 guidance at ICR in Jan. Raise PT from $295 to $325"

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