U.S. Markets open in 6 hrs 47 mins

Domino's stock pulls back after long-time bullish analyst said price is 'just too high' to buy

·1 min read
Domino's stock pulls back after long-time bullish analyst said price is 'just too high' to buy
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Shares of Domino's Pizza Inc. pulled back 3.2% in afternoon trading Friday, after analyst John Ivankoe at J.P. Morgan backed away from his long-time bullish stance on the pizza seller. "Price just too high, believe now is time to step away from shares," Ivankoe wrote, as he downgraded the stock to neutral after being at overweight since March 2019. The downgrade comes a day after the stock shot up 14.6% close at a record $538.82 on Thursday, after Domino's beat profit and revenue expectations, a