Argus Upgrades Domino's Pizza (DPZ) to Buy

Argus analyst John Staszak upgraded Domino's Pizza (NYSE: DPZ) from Hold to Buy with a price target of $421.00.

The analyst comments "We expect the addition of 250 U.S. stores and 856 international locations in 2019 to benefit revenue over the next 12 months. In addition, we expect DPZ to broaden its technological lead over competitors. We also like the company's stable comps and strong store-level cash flows, which are much higher than those of other franchisees. We think Domino's Pizza can continue to grow and gain market share in a fragmented market (i.e., mom and pop pizzerias) more rapidly than its current valuation suggests. Our long-term rating also remains BUY."

For an analyst ratings summary and ratings history on Domino's Pizza click here. For more ratings news on Domino's Pizza click here.

Shares of Domino's Pizza closed at $367.00 yesterday.

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