Standpoint Research Upgrades Darden Restaurants, Reiterates Buy On Accenture (DRI, ACN)

Standpoint Research has upgraded shares of Darden Restaurants DRI from Hold to Buy today. The firm had an open Buy recommendation on DRI in Q1 and closed the position with an 1,800 basis point gain versus the S&P. The shares were hit hard earlier this week after the company reported disappointing earnings. In the last 5 trading sessions, DRI has fallen more than 10%. According to Standpoint analyst Ronnie Moas, the stock is oversold here and investors should begin accumulating the shares again. Standpoint also reiterated their Buy rating on Accenture ACN, which reported earnings last night. ACN reported earnings per share of $0.73 compared to analysts' estimates of $0.69. Year over year revenues were up a little more than 8%. During today's trading session, the stock is one of the market leaders, gaining almost 9% to $40.92 on very heavy volume.