Domino's Pizza's Market Share Gains May Represent Catalyst, UBS Says

MT Newswires Live
Jul 02

Domino's Pizza's (DPZ) shares have a solid risk/reward proposition given the company's opportunities to improve US sales trends as well as its ongoing market share gains, UBS Securities said in a note Thursday.

Even amid the macroeconomic headwinds and increased promotional activity from competitors, Domino's is well placed due to its strong brand positioning, the execution of its strategic plans, as well as rivals' struggles, the note said.

The investment firm also said Domino's improving same-store sales and accelerating global net unit growth in the coming years will likely back upside for its shares from the current multi-year valuation lows.

UBS has a buy rating on Domino's and lowered the company's price target to $375 from $425, citing "near-term category/brand headwins and industry valuation pressure."

Price: 308.20, Change: +4.02, Percent Change: +1.32

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10