Truist Securities Maintains Buy on Darden Restaurants, Lowers Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jake Bartlett has maintained a Buy rating on Darden Restaurants (NYSE:DRI) but lowered the price target from $190 to $185.
March 27, 2024 | 6:32 pm
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Truist Securities maintains a Buy rating on Darden Restaurants but lowers the price target from $190 to $185.
The maintenance of a Buy rating suggests a positive outlook on Darden Restaurants by Truist Securities, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect a slight adjustment in expectations regarding the company's future performance, possibly due to market conditions or revised earnings forecasts. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive rating against the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100