SunTrust Robinson Humphrey Upgrades Darden Restaurants (DRI) to Buy

SunTrust Robinson Humphrey upgraded Darden Restaurants (NYSE: DRI) from Hold to Buy with a price target of $110.00 (from $104.00).

Analyst Jake Bartlett is incrementally more positive on the company saying the risk to Q4 appears priced in and the improving LT story is not. The analyst is expecting the multiple to expand with modest SSS outperformance beyond FY 2018, accelerating unit growth, resumed acquisitions and a higher dividend.

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 $90.91 yesterday.

You May Also Be Interested In

• Calumet Specialty Products Partners (CLMT) PT Raised to $47 at UBS
• Five Below (FIVE) PT Raised to $273 at Truist Securities
• Pinduoduo Inc. (PDD) PT Lowered to $114 at Benchmark on Cautious Near-Term View