These Analysts Revise Their Forecasts On Darden Restaurants After Q1 Results
Portfolio Pulse from Avi Kapoor
Darden Restaurants, Inc. (NYSE:DRI) reported weaker-than-expected Q1 results, missing both earnings and sales estimates. Despite this, the company announced a quarterly dividend and saw its stock price rise by 8.3%. Analysts have revised their price targets, with mixed ratings ranging from Hold to Outperform.
September 20, 2024 | 12:40 pm
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Darden Restaurants reported Q1 earnings and sales below expectations, but announced a quarterly dividend. The stock rose 8.3% post-announcement. Analysts have mixed views, with price targets adjusted between $165 and $205.
Despite missing Q1 expectations, Darden's stock rose 8.3% due to a dividend announcement and positive analyst revisions. Analysts' mixed ratings and revised price targets suggest a cautiously optimistic outlook.
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