Mizuho upgraded Darden (DRI) to Outperform from Neutral with a price target of $235, up from $195. The firm expects casual dining to outperform as a segment in 2026 and views Darden as a beneficiary of segment tailwinds and company-specific drivers. Higher tax refunds will benefit both of the company’s brands and its margins have upside as menu pricing “somewhat accelerates,” the analyst tells investors in a research note. Mizuho upped it comp estimates for Darden citing its “strong checks.”
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