Darden price target lowered to $236 from $238 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Darden (DRI) to $236 from $238 and keeps an Overweight rating on the shares. The firm’s estimates are below the Street on Olive Garden same-store sales and EPS, reflecting cost inflation, but Long Horn appears strong and “a useful offset to OG softness,” the analyst tells investors in a preview.