Raymond James Reiterates Outperform on Darden Restaurants, Lowers Price Target to $167
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian Vaccaro has reiterated an Outperform rating on Darden Restaurants (NYSE:DRI) but has lowered the price target from $175 to $167.
June 14, 2024 | 3:35 pm
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Raymond James has reiterated an Outperform rating on Darden Restaurants but lowered the price target from $175 to $167. This suggests confidence in the company's performance but indicates a slightly lower expected upside.
The reiteration of the Outperform rating indicates continued confidence in Darden Restaurants' performance. However, the lowered price target suggests a tempered expectation of upside potential, which may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100