TD Cowen Reiterates Hold Rating on Darden Restaurants (DRI)

TD Cowen analyst Andrew Charles reiterated a Hold rating and $200.00 price target on Darden Restaurants (NYSE: DRI).

The analyst commented: "Executing Well As Easy Olive Garden Compares Are No Longer Faced; We are surprised by the magnitude of shares' decline but view it as a result of elevated Olive Garden expectations as well as shares that have held up better than the sector over the last 4 weeks. We maintain EPS estimates and view the next catalyst to be adding OG to the Uber Eats (3rd party) marketplace, where mgmt is noncommittal though we view as a matter of when, not if."

For an analyst ratings summary and ratings history on Darden Restaurants click here. For more ratings news on Darden Restaurants click here.

Shares of Darden Restaurants closed at $192.74 yesterday.

You May Also Be Interested In

• Stripe, Advent In Talks To Buy Paypal - WSJ
• Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
• Jefferies on Five Below (FIVE): 'Our latest channel checks reinforce our view that FIVE's momentum extends well beyond viral Squish trends'