MARKET TALK: KBC Raises Domino's Pizza Target Price

12th Jul 2010 12:16

1116 GMT [Dow Jones] KBC Peel Hunt raises its Domino's Pizza (DOM.LN) price target to 485p from 400p following the company's update. Like-for-like sales growth of 17.2% in 2Q is spectacular in any terms, even if it was partly helped by the World Cup. "What this really shows is that Domino's is right at the centre of its market opportunity." With such core strength, KBC is confident there is still upgrade potential. Keeps the stock at buy. Shares -1.3% at 398p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 12, 2010 07:16 ET (11:16 GMT)