Raymond James lowered the firm’s price target on Darden (DRI) to $210 from $230 and keeps an Outperform rating on the shares. Darden’s Q1 results came in below elevated expectations, the analyst tells investors in a research note. The firm thinks the company can sustain solidly positive comps and market share gains over the next several quarters.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DRI: