After Domino's Pizza Enterprises' European investor day, Morgans came away convinced the business has a long way to run. Management appears to be actively considering M&A as a means to compound its strong organic rollout trajectory.

Implying further growth potential, the analyst also points out the density of stores in Europe is a fraction of that in Australia. The Hold rating and $146 target price are unchanged.

Sector: Consumer Services.

Target price is $146.00.Current Price is $132.90. Difference: $13.10 - (brackets indicate current price is over target). If DMP meets the Morgans target it will return approximately 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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