Oppenheimer confident on Domino’s into 2020 – Domino’s Pizza, Inc. (NYSE:DPZ)


Oppenheimer hikes its worth goal on Domino’s Pizza (NYSE:DPZ) and retains it set as one among its high picks into 2020 even after the robust current share worth rally.

“Our evaluation highlights drivers for accelerating SSS, best-in-class EBITDA development and bettering investor sentiment in 2020—all supporting our elevated worth goal to $325. To not be neglected are DPZ’s superior franchisee economics which fuels unmatched unit development and superior share achieve flexibility. We take an upside bias to Avenue’s ’20 monetary forecasts, imagine relative valuation stays enticing and shortly anticipate a brand new giant share repurchase.”

The agency’s new worth goal of $325 on Outperform-rated DPZ is above the common sell-side adverage PT of $284.64.

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