- 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.
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