- Cowen analyst Andrew Charles downgraded Domino's Pizza Inc DPZ to Market Perform from Outperform with a price target of $390, down from $480, implying a 3.41% downside.
- The analyst reduced earnings estimates through 2024 further below consensus, reflecting a disappointing 2022 U.S. franchise opening projection.
- Charles is concerned Domino's international openings won't offset the earnings impact of the U.S. shortfall.
- Related: Domino's Pizza Q4 Earnings Miss Estimates, CEO Ritch Allison To Retire
- Price Action: DPZ shares are trading lower by 2.18% at $395.00 in premarket on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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