Nomura Securities Starts Domino's Pizza (DPZ) at Buy

Nomura Securities initiates coverage on Domino's Pizza (NYSE: DPZ) with a Buy rating and a price target of $130.00.

Analyst Mark Kalinowski commented, "We initiate coverage of Domino’s Pizza (DPZ) with a Buy rating and a $130 target price. It is the second-largest pizza purveyor in the U.S. and No.1 in terms of pizza delivery. Industrywide, the domestic limited-service pizza segment generated $35.4bn in sales in 2014 (+3.6% YoY). Domino’s remains at the forefront of driving the “digital revolution” in how consumers order pizza delivery, and we see additional longer-term growth from international opportunities and from initiatives such as Pizza Mogul, GPS Driver Tracker, the Piece of the Pie Rewards loyalty program, and other innovation."

For an analyst ratings summary and ratings history on Domino's Pizza click here. For more ratings news on Domino's Pizza click here.

Shares of Domino's Pizza closed at $107.91 yesterday.

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