Shares of Domino’s Pizza Inc. surged 3.5% in morning trade Wednesday, after analyst John Glass at Morgan Stanley turned bullish on the pizza chain, citing “attractive valuation relative to slower growing peers.” Glass raised his rating to overweight, after being at equal weight for at least the past three years, and boosted his price target to $283 from $268. Glass wrote in a research note that the upgrade comes as he is “taking advantage of what we believe is a price dislocation based on concerns over near-term trends.” He said at current prices the stock is already pricing in a slowing in global same-store sales growth to 2% to 35 over the next two years, from growth of 5% to 6% over the past two years, “which we view as too bearish based on history for a best-in-class operator.” He said there is some evidence, based on data on first-quarter Domino’s app downloads, that concerns over decelerating U.S. same-store sales may be overdone. The company is schedule to report first-quarter results on April 24, before the open. The stock has now gained 6.6% year to date, while the S&P 500 has climbed 16%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.