BUZZ-Domino's Pizza rise as JP Morgan upgrades stock to 'overweight'

Reuters02-24 23:12
BUZZ-Domino's Pizza rise as JP Morgan upgrades stock to 'overweight'

** Shares of Domino's Pizza up 2.4% at $410.13

** JP Morgan upgrades stock to "overweight" from "equalweight"

** Brokerage says franchise-oriented business is remarkably stable, with only 23 units of 7,186 closing in the past 3 years

** "More efforts around promotions like "best deal ever" are likely to allow decent laps - as are efforts around expanded chicken offerings at the price and speed of the brand", says brokerage

** 18 of 35 brokerages rate the stock "buy" or higher, 15 "hold" and 2 "sell" or lower; their median PT is $492 - data compiled by LSEG

** Stock fell ~1% in 2025

(Reporting by Koyena Das from Bengaluru )

((Koyena.das@thomsonreuters.com))

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