Domino's Pizza Stock Rises After Being Initiated With 'Buy' Rating by Guggenheim

Domino's Pizza  (DPZ) shares were up 1.18% to $179 after analysts at Guggenheim initiated coverage of the stock with a "buy" rating and $200 price target. 

The firm sees upside from operating growth and expects the company to continue revenue momentum. The firm also praised the Domino's scale, disciplined management and store setup. 

Domino's, which recently opened its 14,000 store, is scheduled to release its first quarter earnings results on April 27. 

Domino's shares have risen more than 12% year to date and nearly 34% over the past 12 months. 

(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)

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