0029 GMT - The surprise resignation of Domino's Pizza Enterprises' chief executive is seen by Morgan Stanley analysts as compounding the Australian fast-food franchiser'snear-term uncertainty. They point out that Mark van Dyck's resignation after less than a year in charge comes with the business still trying to reset strategy and growth. In a note to clients, the MS analysts remind investors of their view that Domino's Pizza Enterprises needs to keep investing in improving the profitability of its franchisees. This will limit the benefit of its cost-reduction measures, they add. MS has a last-published equal-weight rating and A$24.00 target price on the stock, which is up 4.5% at A$17.73. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 02, 2025 20:29 ET (00:29 GMT)
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