Darden price target raised to $253 from $252 at BofA

BofA raised the firm’s price target on Darden (DRI) to $253 from $252 and keeps a Buy rating on the shares. Following the company’s fiscal Q4 report, the firm is applying an unchanged 1.1-times target relative P/E multiple to its rolled forward estimates 12 months from now, notes the analyst, who sees Darden as “a quality compounder.”