BofA analyst Sara Senatore raised the firm’s price target on Darden (DRI) to $259 from $254 and keeps a Buy rating on the shares. While Olive Garden comps were shy of consensus, underlying dynamics were very encouraging, the analyst tells investors in a research note. Darden’s strategy of underpricing inflation should continue to serve it well, BofA adds.
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Read More on DRI:
- Darden price target lowered to $225 from $240 at KeyBanc
- Darden price target lowered to $230 from $255 at Barclays
- Darden Restaurants Reports Strong First Quarter Growth
- Cautious Optimism for Darden Restaurants Amid Olive Garden’s Market Challenges and Potential Uber Eats Expansion
- Darden price target lowered to $208 from $230 at Baird