- Wedbush analyst Nick Setyan lowered the price target on Darden Restaurants Inc DRI to $122 (3% upside) from $140 and kept a Neutral rating on the shares.
- The analyst noted that FY23 guidance is predicated on normalization in inflation trends in the second half and has lowered his FY23 EPS estimate to $7.60 from $8.41 to reflect guidance commentary.
- The analyst believes DRI's current valuation reflects an attractive longer-term outlook on the one hand and heightened near- and medium-term uncertainty on the other.
- Related: Earnings Beat, Dividend Hike, New Buyback: Darden Restaurants' Q4 Highlights
- Truist analyst Jake Bartlett reduced the price target to $136 (15% upside) from $180 but kept a Buy rating on the shares.
- RBC Capital analyst Christopher Carril lowered the price target on Darden to $143 (21% upside) from $151 and kept an Outperform rating on the shares.
- Deutsche Bank analyst Brian Mullan lowered the price target on Darden to $124 (5% upside) from $152 and kept a Hold rating on the shares.
- Baird analyst David Tarantino lowered the firm's price target on Darden to $136 from $146.
- BMO Capital analyst Andrew Strelzik maintained a Market Perform rating and lowered the price target from $140 to $130 (10% upside).
- Morgan Stanley kept an Overweight rating and lowered the price target from $161 to $148 (25% upside).
- Credit Suisse analyst Lauren Silberman maintained an Outperform and lowered the price target from $175 to $152 (28% upside).
- Citigroup analyst Jon Tower maintained a Buy and raised the price target from $134 to $140 (18% upside).
- Piper Sandler analyst Nicole Miller Regan maintained an Overweight and lowered the price target from $153 to $150 (27% upside).
- Barclays analyst Jeffrey Bernstein maintained an Overweight and reduced the price target from $135 to $130 (10% upside).
- Stifel analyst Chris O'Cull maintained a Buy and lowered the price target from $160 to $135 (14% upside).
- Price Action: DRI shares are trading higher by 2.27% at $118.22 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
