UBS trims Domino’s, PepsiCo targets, testing consumer names by 20%
UBS Group cut targets for Domino’s Pizza, Inc. and PepsiCo, Inc., giving investors a tighter choice between a lower-priced pizza name facing soft traffic and a bigger beverage and snack stock trading for sluggish North America growth. UBS analyst Dennis Geiger lowered his price target on Domino’s to $375 from $425 but maintained a Buy rating, calling the shares “attractive risk/reward.” UBS’s Peter Grom trimmed his target on PepsiCo to $172 from $186, also staying at Buy, with growth worries in the North American foods business lingering.