UPDATE: Bank Of America Downgrades Domino's Pizza On Valuation
In a note released Tuesday morning, Bank of America analyst Joseph Buckley downgraded shares of Domino's Pizza (NYSE: DPZ) from Neutral to Underperform and lowered the price target from $77 to $68.
Buckley explained that the Domino's downgrade comes amid solid performance from the company over the last few years and is based on valuation rather than an event.
Looking at the $68 price target, Buckley noted that it reflects a free cash flow yield of four percent and 14x EV/EBITDA multiple.
Latest Ratings for DPZ
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Loop Capital | Downgrades | Buy | Hold |
| Mar 2022 | Guggenheim | Maintains | Neutral | |
| Mar 2022 | Citigroup | Maintains | Neutral |
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Posted-In: Bank of America Joseph BuckleyAnalyst Color News Downgrades Price Target Analyst Ratings
