BMO Capital Maintains Market Perform on Darden Restaurants, Lowers Price Target to $155
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Andrew Strelzik has maintained a 'Market Perform' rating on Darden Restaurants (NYSE:DRI) but lowered the price target from $160 to $155.
September 22, 2023 | 1:40 pm
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Darden Restaurants' price target has been lowered from $160 to $155 by BMO Capital, though the 'Market Perform' rating is maintained.
The lowering of the price target by BMO Capital indicates a potential decrease in the stock's value. However, the maintenance of the 'Market Perform' rating suggests that the company is expected to perform at the same level as similar companies in the market. This could lead to a short-term negative impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100