After years of regulatory issues, it seems the vision of drones filling the skies delivering products in 30 minutes or less may finally be realized, as a subsidiary of Google’s parent company Alphabet (NASDAQ: GOOGL) is rolling out its commercial drone delivery service.
Cowen & Co. analyst Andrew Charles downgrades Domino's Pizza (NYSE:DPZ) from Outperform to Market Perform and lowers the price target from $480 to $390.
One industry that experienced a wide range of disruptions during the COVID-19 pandemic was the restaurant industry. On Thursday, Bank of America analyst Sara Senatore took a deep dive into which restaurant stocks have been winners and which have been losers since the pandemic began.
Key takeaways:
Domino’s China operator DPC Dash has filed for a Hong Kong IPO that could raise up to $100 million and value the company at around $500 million
Company has cashed in on China’s recent shift to takeout dining, posting 18.7% same-store sales growth last year
By Doug Young