UPDATE: Morgan Stanley Reiterates On Domino's Pizza On 3Q14 Post Call

In a report published Wednesday, Morgan Stanley analyst John Glass reiterated an Equal-Weight rating on Domino's Pizza, Inc. (NYSE: DPZ), and raised the price target from $83.00 to $84.00.

In the report, Morgan Stanley noted, “Accelerating comps encouraging, driven by a balance of increased transactions and ticket.Trends likely to continue into 4Q. Raising FY14 to $2.92 (+4c) and FY15 to $3.38 vs $3.34 prior. A partial refi possible in mid FY15, but not in our base case.”

Domino's Pizza, Inc. closed on Tuesday at $84.30.