12:08 PM EDT, 10/02/2024 (MT Newswires) -- Domino's Pizza (DPZ) remains well positioned in the quick-service restaurant sector with a series of sales drivers this year and the next, Morgan Stanley said Wednesday in a report.

New products, promotions, an e-commerce revamp and the potential addition of delivery partners are expected to underpin sales, Morgan Stanley said. Q3 same-store sales may show a modest miss amid a broader soft sector, the report said.

Morgan Stanley lowered its US same-store sales growth forecast to 3.5% from 4.3% for Q3 and to 3% from 4% from Q4. "This still assumes transaction growth and it is likely better than what we'll see" from most rivals, the report said.

Morgan Stanley raised its price target on Domino's Pizza to $520 from $515 and reiterated its overweight.

Shares of Domino's Pizza fell 1.7% in recent trading Wednesday.

Price: 423.23, Change: -7.43, Percent Change: -1.72