Domino's Pizza Enterprises Bull Notes CEO's Track Record -- Market Talk

Dow Jones11-06

2311 GMT - Domino's Pizza Enterprises' bulls at Morgan Stanley point out that its new CEO has already restructured and improved one business in Japan. The investment bank's analysts tell clients that Mark van Dyck's time at U.K.-listed food group Compass included accelerating growth and profitability in Japan, where the Australian fast-food franchiser is struggling to turnaround its performance. He also completed a strategic reset of its Australian business, they add in a note. MS has a last-published overweight rating and A$44.00 target price on Domino's stock, which is at A$31.60 ahead of the open. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

November 05, 2024 18:11 ET (23:11 GMT)

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