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Domino's rallies after strong outlook

Sep. 04, 2019 12:35 PM ETDomino's Pizza, Inc. (DPZ) StockDPZBy: Clark Schultz, SA News Editor3 Comments
  • Domino’s Pizza (DPZ +4.3%) trades higher after reiterating long-term targets at an investor conference today.
  • The pizza concern expects comparable sales growth of 3% to 6% and unit growth of 6% to 8%.
  • Goldman Sachs says the confidence from DPZ in the targets is driven by its "strong competitive moat on technology, keen focus on value, and best-in-class economics for franchisees."
  • The rally in Domino's today follows a 90-day stumble during which shares fell about 17%.

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