Baird Downgrades Darden Restaurants (DRI) to Neutral

(Updated - November 29, 2022 6:37 AM EST)

Baird analyst David Tarantino downgraded Darden Restaurants (NYSE: DRI) from Outperform to Neutral with a price target of $150.00 (from $134.00).

The analyst comments "Stepping to the sidelines on DRI. We still have a very positive view of the company’sinternal operating fundamentals, and believe DRI is on track to deliver good results inFQ2-FQ3, but when factoring in the year-to-date outperformance for the shares andthe lingering risks related to the macro outlook, we simply believe the risk/reward onDRI has become more balanced at current valuation metrics."

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 $146.82 yesterday.

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