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Morgan Stanley analyst Brian Harbour lowered the firm’s price target on Domino’s Pizza to $510 from $520 and keeps an Overweight rating on the shares. The firm calls the quarter “mixed,” as the U.S. was “no worse than feared,” but International was more the driver of a slower top line outlook. Against “relatively tempered expectations,” the lighter view of 2025 “may be a bit of a de-risking event, and could in some ways be conservative,” but the firm says questions remain about whether this view is conservative or not and what sustains the U.S. at 3%-plus same-store sales growth in FY25.
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