Stephens analyst Jim Salera lowered the firm’s price target on Darden (DRI) to $205 from $215 and keeps an Equal Weight rating on the shares. The firm is trimming fiscal Q2 expectations ahead of the company’s earnings report, driven by softer Olive Garden trends, partly offset by outperformance from LongHorn. At the latter, comps appear strong, though elevated beef costs limit margin upside, the analyst tells investors in a preview.
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