Citigroup Maintains Buy on Darden Restaurants, Lowers Price Target to $192
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower has maintained a Buy rating on Darden Restaurants (NYSE:DRI) but lowered the price target from $200 to $192.

March 22, 2024 | 6:08 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Darden Restaurants but lowers the price target from $200 to $192.
While the reduction in the price target from $200 to $192 by Citigroup might suggest a slight adjustment in valuation expectations, the maintenance of a Buy rating indicates a continued positive outlook on Darden Restaurants. This mixed signal could lead to a neutral short-term impact on the stock as investors weigh the lowered price target against the reaffirmed confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90