Darden Restaurants Is A Long-Term Winner With Ruth's Acquisition: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
KeyBanc Capital Markets analyst Eric Gonzalez reiterated an Overweight rating on Darden Restaurants, Inc. (NYSE:DRI) and raised the price target to $185 from $170. The analyst is bullish on Darden's recent acquisition of Ruth's Hospitality Group, Inc, which is expected to add to EPS in FY24 and FY25.
June 15, 2023 | 6:12 pm
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KeyBanc analyst Eric Gonzalez is bullish on Darden Restaurants' recent acquisition of Ruth's Hospitality Group, raising the price target to $185 from $170.
The analyst is bullish on Darden's recent acquisition of Ruth's Hospitality Group, which is expected to add to EPS in FY24 and FY25. This positive outlook on the acquisition and the raised price target suggest a potential short-term positive impact on Darden's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100