As investors grapple with macro uncertainty and a cloudy path on the Federal Reserve's rate cuts, they will need to adopt a long-term mindset to pick the best names for their portfolios.
"We believe a premium valuation is warranted, and given the improving fundamental story, we think DPZ offers a favorable risk/reward," she said. The analyst thinks that the company's strategic initiatives will enhance same-store sales growth and drive meaningful restaurant margin expansion in the near and long term.
Investors reacted positively to the results and the company's announcement of an expanded buyback program. Apple's board authorized an additional $100 billion worth of share repurchases.reaffirmed a buy rating on the stock with a price target of $200. The analyst noted that the company exceeded his estimates for revenue, earnings per share and gross margin.
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