JP Morgan Maintains Overweight on Darden Restaurants, Lowers Price Target to $176
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe maintains an Overweight rating on Darden Restaurants (NYSE:DRI) but lowers the price target from $180 to $176.

March 22, 2024 | 4:34 pm
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NEUTRAL IMPACT
JP Morgan maintains an Overweight rating on Darden Restaurants but lowers the price target from $180 to $176.
The adjustment in price target by a major analyst like JP Morgan could have a mixed impact on Darden Restaurants' stock. While maintaining an Overweight rating indicates a positive outlook on the stock, the reduction in price target might signal a tempered expectation for the stock's performance. However, the impact is likely to be neutral in the short term as the adjustment is minor and the overall rating remains positive.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100