Raymond James analyst Brian Vaccaro raised the firm’s price target on Darden (DRI) to $200 from $187 and keeps an Outperform rating on the shares. Darden reported “encouraging” Q2 results that reflected a return to positive comps at Olive Garden and “impressive” strength at Longhorn, the analyst tells investors in a research note. The firm is optimistic that Q2 can prove to be the start of a sustained comp recovery at Olive Garden into calendar 2025 supported by new value and product news and the launch of first party delivery with Uber (UBER).
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Read More on DRI:
- Darden price target raised to $205 from $190 at Stifel
- Darden price target raised to $194 from $180 at Baird
- Darden price target raised to $205 from $195 at BTIG
- Darden price target raised to $211 from $195 at BofA
- Darden price target raised to $220 from $200 at Wedbush
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
