Loop Capital lowered the firm’s price target on Domino’s Pizza (DPZ) to $555 from $559 and keeps a Buy rating on the shares. The firm cites the company’s Q4 earnings miss as U.S. franchised SSS growth of 0.5% was below its estimate for 2.5% and International SSS growth of 2.7% was short of its forecast of 3%, the analyst tells investors in a research note. To better reflect the expected timing of third-party and product innovation, the firm is also reducing its Q1 comps growth to 1% from 2%, Loop added.
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