MARKET TALK: Altium Increases Domino's Pizza Price Target

12th Jul 2010 12:33

1133 GMT [Dow Jones] Altium Securities increases Domino's Pizza (DOM.LN) price target to 550p from 500p after delivering interim results ahead of expectations. Says the "excellent" results are bolstered by a number of short-term value-led promotions. Currently models '10 EPS growth of 18.7% but thinks this could surpass 20%. Says, "Domino's is in great shape, current momentum is very strong and although the group faces some very tough comparatives in 2H, we remain confident that it will surpass them." Keeps at buy. Shares are -1.5% at 397p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 12, 2010 07:33 ET (11:33 GMT)