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Broker snap: KBC Peel hails Domino's resistance
Mon, 01 Dec, 2008
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Broker snap: KBC Peel hails Domino's resistance
Tue, 26 Aug 2008, 09:50:00
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Related Market Prices
Name
Value
Percent
Change
Domino's Pizza UK & IRL
176.75p
-0.28%
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KBC Peel Hunt has raised its rating on <b>Domino's Pizza</b> to 'buy' from 'hold', saying the pizza delivery company is doing too well to be blown off course by a period of weaker demand.<br /><br />The broker added that Domino's may even benefit from the downturn in some ways.<br /><br />"There is now circumstantial evidence that customers are trading down to Domino's," KBC Peel Hunt said.<br /><br />It also raised its profits forecast on Domino's, saying that even if it has to raise prices due to higher wheat and milk costs, this is unlikely to be noticed by customers.<br />
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