Barclays Downgrades Domino's Pizza (DPZ) to Underweight

December 15, 2021 3:55 AM EST
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Price: $382.29 --0%

Rating Summary:
    19 Buy, 21 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 3 | Down: 8 | New: 5
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(Updated - December 15, 2021 4:50 AM EST)

Barclays analyst Jeffrey Bernstein downgraded Domino's Pizza (NYSE: DPZ) from Equalweight to Underweight with a price target of $495.00 (from $500.00).

The analyst comments "Domino's has continued to deliver best in class fundamentals, accentuated by COVID headwinds which widened the gap of outperformance. With that said, industry headwinds are fading, leading to an easing in Domino's tailwinds. We believe valuation fully loaded, justifiably the tops in QSR. We downgrade to UW with a PT of $495."

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 $523.15 yesterday.

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