Broker snap: Charles Stanley hails Domino effect

1st Oct 2009 12:51

An acceleration in third quarter like for like sales at Domino's Pizza has prompted Charles Stanley to revise its earnings projections for the pizza delivery firm.Citing 'top line activity and the beneficial impact of margin gains,' Charles Stanley has upgraded its profit before tax forecast for the current year to £28.2m, while the 2010 and 2011 estimates have been hiked to £31.1m and £33.8m respectively.The price target has been lifted from 305p to 365p. The broker reiterated its 'buy' recommendation.

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