BMO Capital Maintains Market Perform Rating for Darden Restaurants: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has maintained its Market Perform rating for Darden Restaurants (NYSE:DRI) and raised its price target from $150.00 to $160.00. Darden Restaurants' shares are trading up 1.07% at $163.86 per share.
June 23, 2023 | 5:02 pm
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BMO Capital maintains Market Perform rating for Darden Restaurants and raises price target to $160.00. Shares are trading up 1.07% at $163.86.
BMO Capital's decision to maintain its Market Perform rating and raise the price target for Darden Restaurants indicates a neutral outlook for the stock. The current share price is already above the new price target, suggesting that the stock may be fairly valued or slightly overvalued. This news is important for investors as it provides an updated perspective on the stock's valuation from a reputable financial institution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100