BMO Capital raised the firm’s price target on Darden (DRI) to $215 from $190 and keeps a Market Perform rating on the shares. The firm is turning more constructive on the company given its incremental top-line focus, which is supportive of the stock’s above-historical multiple, the analyst tells investors in a research note. Darden introduced below-consensus FY26 EPS guidance owing to macro uncertainty and investments, though its updated long-term growth framework incrementally emphasizes sales growth at the expense of margins, BMO added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DRI:
- Darden Restaurants: Balancing Optimism and Caution Amid Strategic Shifts and Macroeconomic Uncertainties
- Darden price target raised to $240 from $218 at JPMorgan
- Darden price target raised to $240 from $230 at Raymond James
- Darden price target raised to $253 from $245 at Citi
- Darden price target raised to $212 from $200 at Stephens