Darden price target raised to $253 from $245 at Citi

Citi raised the firm’s price target on Darden (DRI) to $253 from $245 and keeps a Buy rating on the shares following the fiscal Q4 report. The trade off to a more sales versus more margin-driven growth should drive a higher multiple versus history for Darden, given the more flexibility this provides to the model, the analyst tells investors in a research note.