Barclays Maintains Overweight on Darden Restaurants, Lowers Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein has maintained an 'Overweight' rating on Darden Restaurants (NYSE:DRI) but lowered the price target from $175 to $165.
October 23, 2023 | 10:26 am
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Barclays has maintained an 'Overweight' rating on Darden Restaurants but lowered the price target from $175 to $165.
The news is directly about Darden Restaurants. The 'Overweight' rating suggests that Barclays expects DRI to outperform the market, which is positive. However, the lowering of the price target might indicate a reduced growth expectation, which could have a neutral to slightly negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100