UPDATE: Janney Capital Markets Upgrades Domino's Pizza As 2015E EPS Is Raised

In a report published Monday, Janney Capital Markets analyst Mark Kalinowski upgraded the rating on Domino's Pizza, Inc. (NYSE: DPZ) from Neutral to Buy.

In the report, Janney Capital Markets noted, “Reasons for our upgrade (all of which contribute to our above-consensus EPS estimates) include: (1) growing confidence that the ongoing transition by consumers ordering pizza delivery doing so through digital means will continue to benefit Domino's Pizza, (2) benefits from the likelihood of lower year-over-year cheese costs during 2015, and (3) ongoing innovation, such as the Pizza Mogul efforts in Australia, which could make its way to other markets eventually.”

Domino's Pizza closed on Friday at $94.29.