0308 GMT - The scale of the share-price decline that followed Domino's Pizza Enterprises' 1H results surprised its bull at Jefferies. Analyst Michael Simotas points out that much of the information was released ahead of the announcement, which prompted a 10% drop in the stock. Simotas writes in a note that underlying same-store sales look reasonable, and that it's still early in the company's turnaround under a new CEO. The analyst adds that the closure of unprofitable stores should help 2H performance. Jefferies maintains a buy rating and a target price of A$42.00 on the stock, which is down 3.25% at A$27.95. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 25, 2025 22:08 ET (03:08 GMT)
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