Investing.com - Wall Street is rewarding Domino's Pizza's recipe for success.
Baird has initiated coverage of the company, with an outperform rating and a stock price target of $260, tops among the firms covering the company.
Bank of America (NYSE:BAC), Citi and Deutsche Bank (DE:DBKGn) all recently raised their 12-month price targets on Domino's.
Baird, like other firms, is optimistic abut Domino's international growth and thinks its well positioned to capture more of the fragmented global pizza market.
Domino's has been doing just that, overtaking Pizza Hut in 2017 as the largest player in the business.
The pizza giant's success is also attracting takeover attention. Restaurant Brands International, which owns Burger King, is reported considering an offer.
Domino's shares are up 17% this year, and an astounding 2,000% between 2010 and 2017, which is more than Apple (NASDAQ:AAPL) during that period.
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