Darden Restaurants To See Accelerated Market Share Gains And Development Despite Macro Pressures, Analyst Says
Portfolio Pulse from Nabaparna Bhattacharya
Truist Securities analyst Jake Bartlett reiterated a Buy rating on Darden Restaurants, Inc. (NYSE:DRI) and raised the price target to $177 from $163. Bartlett believes DRI is well-positioned for growth with accelerating market share gains and development, despite macro pressures.
June 23, 2023 | 6:32 pm
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Truist Securities analyst raises Darden Restaurants' price target to $177, citing accelerating market share gains and development, despite macro pressures.
The analyst's Buy rating and increased price target for Darden Restaurants indicate a positive outlook for the company's stock. The accelerating market share gains and development, along with strong guest satisfaction metrics, suggest that DRI is well-positioned for growth even in the face of macro pressures.
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IMPORTANCE 80
RELEVANCE 100