Leading broker upgrades Domino’s (ASX:DMP) share price to conviction buy rating

The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price was among the worst performers on the S&P/ASX 200 Index (ASX: XJO) in November.

The pizza chain operator’s shares tumbled a disappointing 12.6% over the month.

Is this a buying opportunity?

One leading broker that thinks the recent weakness in the Domino’s share price is a buying opportunity is Goldman Sachs.

This morning the broker upgraded Domino’s to a buy rating and put it on its conviction list. Goldman has an $88.00 price target on the company’s shares, which represents potential upside of 19% over the next 12 months.

Why did Goldman Sachs upgrade Domino’s?

Goldman Sachs made the move in response to management’s commentary at the company’s virtual…