UPDATE: Morgan Stanley Removes Price Target On Domino's Pizza Following Investor Day

In a report published Thursday, Morgan Stanley analyst John Glass reiterated an Equal-Weight rating on Domino's Pizza, Inc. (NYSE: DPZ), but removed the $93.00 price target.

In the report, Morgan Stanley noted, “DPZ's investor day highlighted the brand's momentum as its digital platform, remodel program and int'l strategy continue to have legs. Topline will be stronger than expected in '15 due to unit growth pickup but G&A & capex increases as well as FX will be larger headwinds than we thought.”

Domino's Pizza closed on Wednesday at $98.91.