Domino’s Pizza Stock Price Target (DPZ) Dropped At Barclays As Outlook Dips
Domino’s Pizza’s stock (NYSE: DPZ) witnessed a decline of 1.08% in trading, with the closing price of $408.75 coming on the back of disappointing revenues, and an analyst downgrade. The headline figures came in with revenues of $1.08BN (against expectations of $1.10BN), and an EPS beat at $4.19 (consensus $3.66). The outlook cut was potentially more impactful on sentiment, with comments indicating as much.
Barclays’ recent price target adjustment, where the investment firm shifted its outlook for the share value of the pizza giant, citing a mixed performance in the recent quarter and scaled-back growth expectations.
The firm has maintained its Underweight rating for Domino’s Pizza while revising the price target to $370, down from…
