Barclays Downgrades Domino's Pizza To Underweight

by Shivani Kumaresan, Benzinga Staff Writer

December 15, 2021 12:36 PM | 1 min read |

Barclays analyst Jeffrey Bernstein downgraded Domino's Pizza Inc DPZ to Underweight from Equal Weight with a price target of $495, down from $500.
Domino's has "continued to deliver best in class fundamentals," but "industry headwinds are fading, leading to an easing in Domino's tailwinds," Bernstein told investors.
The analyst believes the stock's valuation is "fully loaded" at current levels.
Remarking on U.S. restaurants, Barclays expects more tailwinds than headwinds in 2022.
Price Action: DPZ shares are trading lower by 0.54% at $520.35 on the last check Wednesday.