Analysts Are Upgrading These 5 Stocks

04. Domino’s Pizza, Inc. (NYSE:DPZ)

Number of Hedge Fund Holders: 34

Domino’s Pizza, Inc. (NYSE:DPZ) is a pizza company operating in the US and internationally. It is based in Ann Arbor, Michigan. Stifel analyst Chris O’Cull has raised his recommendation on Domino’s Pizza, Inc. (NYSE:DPZ) from Hold to Buy, along with an increased price target of $350, up from $320. According to the analyst’s research note issued on June 14, the stock has faced challenges in recent times, including declining delivery sales, decreased franchisee profitability, and slower unit growth. As a result, Domino’s Pizza, Inc. (NYSE:DPZ) management has adjusted its long-term revenue expectations. However, following discussions with Domino’s management, Stifel believes the company will stabilize its delivery sales and achieve new record carryout sales within the next year. Stifel also anticipates improved sales performance, reduced commodity costs, and increased labor productivity, enhancing franchisee profitability and driving further unit growth.