0134 GMT - Domino's Pizza Enterprises' incoming chief financial officer should make reducing gearing one of his key priorities, Citi analyst Sam Teeger says. George Saoud's strong communication skills and retail experience, including with supermarket giant Coles and grocery supplier Metcash, make him a strong hire for the Australian fast-food franchiser, Teeger writes in a note. He reckons that investors should have confidence in his ability to execute on strategy, and thinks that tackling debt could involve divesting some smaller markets. Citi has a last-published neutral rating and A$37.34 target price on the stock, which is up 0.5% at A$31.69. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 20:34 ET (01:34 GMT)
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