Domino’s Pizza price target lowered to $500 from $580 at Deutsche Bank

Deutsche Bank analyst Lauren Silberman lowered the firm’s price target on Domino’s Pizza to $500 from $580 and keeps a Buy rating on the shares. The company’s Q2 print reflected concerns on decelerating U.S. same-store-sales and a lowered international unit growth guide, the analyst tells investors in a research note. However, with the stock down 23% over the last month and expectations now reset lower, the firm believes Domino’s offers a favorable setup into the second half of the year and 2025.