Raymond James Maintains Outperform Rating for Darden Restaurants: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has maintained its Outperform rating for Darden Restaurants (NYSE:DRI) but lowered its price target from $175.00 to $165.00. Darden Restaurants' shares are currently trading up 1.57% at $151.15 per share. A move to $165.00 would represent a 9.17% increase from the current share price.
September 14, 2023 | 5:00 pm
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Raymond James has maintained its Outperform rating for Darden Restaurants but lowered its price target. This could potentially influence investors' perception and trading behavior.
While the Outperform rating is maintained, the lowering of the price target by Raymond James could create mixed sentiment among investors. This might lead to increased volatility in the short term. However, the overall impact is neutral as the Outperform rating suggests that Raymond James still expects DRI to outperform the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100