Morgan Stanley analyst Brian Harbour reiterated an Overweight rating on the shares of Domino’s Pizza Inc (NYSE:DPZ) with an unchanged price target of $435.
The analyst said in 3Q, EPS ex-items were slightly below Morgan Stanley’s estimate.
In 4Q, DPZ expects a return to positive same-store sales in the U.S., which the analyst has modeled north of 2%.
Uber Technologies, Inc. (NYSE:UBER) Uber Eats is piloting in Las Vegas with Seattle, Detroit, Miami and Houston next to come and national expansion by year end and set to impact 2024 materially, noted the analyst.
International units were a soft spot, not just Russia and DMP closures, but also gross openings, but DPZ addressed this by noting easing closures and a step up in 4Q openings, added the analyst.