Darden price target raised to $229 from $223 at Citi

Citi analyst Jon Tower raised the firm’s price target on Darden (DRI) to $229 from $223 and keeps a Buy rating on the shares. The company’s results and outlook, including Q4-to-date same-store sales growth running over 3%, suggest that Olive Garden’s top-line initiatives around promos, new products and convenience are resonating with consumers, the analyst tells investors.