Deutsche Bank Starts Darden Restaurants (DRI) at Buy

Deutsche Bank initiated coverage on Darden Restaurants (NYSE: DRI) with a Buy rating and a price target of $72.

Analyst Brett Levy said, "Darden Restaurants is in the process of re-establishing its casual dining leadership position by leveraging its scale, improving its food (taste, quality, etc.) and operations, after a number of years of underperformance. We believe the company's willingness to evaluate all aspects of its business model, along with a fresh perspective from the top, can help return this storied restaurant company to its prominent position across the industry."

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 $64.92 yesterday.

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