0026 GMT - The speed with which Domino's Pizza Enterprises' new CEO has plotted a recovery path allows the Australian fast-food franchiser to shake off its bear at Macquarie. An analyst note to the investment bank's clients shows the stock raised to neutral from underperform, with the pace of CEO Mark van Dyck's strategy overhaul cited as a significant positive surprise. The refined focus on franchisee sales is seen as the key positive, since it has implications for long-term network performance. Macquarie lifts its target price on the stock 25% to A$35.10. Shares are down 2.7% at A$34.96. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 09, 2025 19:26 ET (00:26 GMT)
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