MARKET TALK: Goldman Raises Domino's Pizza Price Target

28th Jun 2010 10:42

0942 GMT [Dow Jones] Goldman Sachs raises Domino's Pizza (DOM.LN) price target to 500p from 430p. This reflects the margin upside driven by efficiency savings from Domino's new commissary in West Ashland, along with the proposed UK corporation tax changes, says GS. Domino's estimates the new commissary will deliver annualized savings of about GBP1M in '11, rising by about GBP0.1M per year thereafter, notes GS. Buy recommendation. Shares +0.4% at 377p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 28, 2010 05:42 ET (09:42 GMT)

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