Argus Upgrades Darden Restaurants (DRI) to Buy

Argus upgraded Darden Restaurants (NYSE: DRI) from Hold to Buy with a price target of $88.00.

The analyst expects Darden to post better results than other casual-dining chains, and look for revenue and margins to benefit from management’s efforts to boost traffic and lower costs.

Raising FY17 EPS estimate from $3.96 to $4.00. For FY18, they are boosting estimate from $4.26 to $4.30.

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 $72.09 yesterday.

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