Domino’s Pizza price target raised to $600 from $580 at Argus

Argus raised the firm’s price target on Domino’s Pizza (DPZ) to $600 from $580 and keeps a Buy rating on the shares. The firm is citing the company’s Q1 earnings and comps outperformance being driven by improvements to its loyalty program and the benefits of its partnership with Uber Eats (UBER), the analyst tells investors in a research note. Argus adds that its optimism on the stock is underpinned by the company’s economies of scale, early entry into the pizza delivery business, and prospects for growth in international and domestic markets.