UBS Maintains a 'Buy' on Darden Restaurants (DRI); Focus Remains on Olive Garden

UBS maintains a 'Buy' on Darden Restaurants (NYSE: DRI) price target of $54.00.

Analyst, David Palmer, maintains his Buy rating on the stock, but tells investors that going forward...all eyes are now on Olive Garden.

Also of note, Red Lobster, sales fell 3.9% in Q4 and Olive Garden dropped 1.6%. Also on Friday (June 22), Darden guided for FY13 between $3.86-4.00 vs. $4.06 consensus. Q4 results were $1.15, in-line with estimates.

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 $50.04 yesterday.

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