According to J.P. Morgan, Darden Restaurants DRI saw better than expected guidance.
J.P. Morgan said that Darden reported 4Q11 EPS of $1.00 vs. the $0.98 and $1.00 consensus. “Our new $57 price target assumes the same 14-14.5x target multiple as before vs. midteens long-term group average.”
Darden Restaurants closed yesterday at $49.76.
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Posted In: Analyst ColorAnalyst RatingsConsumer DiscretionaryDarden Restaurants Inc.J.P. MorganRestaurants
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