Australian shares are set to slip; US markets closed for July 4th. Cash rate forecast to rise 0.05 percentage points. $A higher. Follow updates here.
Broker UBS has retained it’s ‘buy’ rating and $90 price target for Domino’s Pizza Enterprises despite rising cost pressures.
“Most of these costs are increasing. DPZ increased its US food basket inflation guidance from around 8-10 per cent at the start of calendar year 22 to around 10-12 per cent at its first-quarter 2022 result in late April 2022.”
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