Domino’s Pizza (NYSE:DPZ) rose in midday trading on Wednesday after its stock got two votes of confidence from Wall Street analysts.
Maxim Group maintained its buy rating of the company, citing expected solid growth in the first quarter and margin expansion, according to Briefing.com.
Maxim raised their earnings per share estimates to $2.12 from $2.10, as a popular promotion at the company helped lift earnings.
With the share price down 16% from the August 2018 high, the firm argued Domino's shares have an attractive valuation, Briefing.com said.
In addition, Morgan Stanley (NYSE:MS) upgraded the stock to overweight from equal, citing attractive valuation relative to peers.
Morgan Stanley boosted its price target to $283 from $268.
Domino’s rose 4.2%, while rival Papa John's International (NASDAQ:PZZA) fell 0.4% and Pizza Hut owner Yum! Brands (NYSE:YUM) inched up 0.2%.
