Domino’s Pizza price target lowered to $520 from $575 at Benchmark

Benchmark lowered the firm’s price target on Domino’s Pizza to $520 from $575 and keeps a Buy rating on the shares after the company reported Q2 revenues, EPS and EBITDA results below plan last week. The firm lowered its target, but calls out the “likely transitory nature” of the international unit growth slowdown and the traffic-driven same-store sales that Domino’s is generating in an environment where few peers are for maintaining its Buy rating on the shares.