Option Millionaires

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Domino's Pizza price target lowered to $500 from $510 at BMO Capital
BMO Capital analyst Andrew Strelzik lowered the firm's price target on Domino's Pizza to $500 from $510 and keeps an Outperform rating on the shares. The company's Q3 results slightly missed the ex-investment-gain estimate as softer comps more than offset margin upside, the analyst tells investors in a research note. Domino's challenging environment is also contributing to softer outlook for the second half than anticipated, though BMO "remains constructive" on the stock against overly negative sentiment and sees asymmetric risk/reward on the name, the firm added.