Darden Restaurants (DRI) PT Raised to $235 at Guggenheim

Guggenheim analyst Greg Francfort raised the price target on Darden Restaurants (NYSE: DRI) to $235.00 (from $230.00) while maintaining a Buy rating.

The analyst commented: "We are reiterating our Buy rating on Darden while making some model adjustments ahead of 4Q earnings that will be released Thursday. For 4Q26, which ended in May, we model Olive Garden SSS ~100bps below consensus and Long Horn ~200bps above. We expect full year 2027 guidance, issued with earnings, to bracket the Street. Cost headwinds from the war in the Middle East likely limits the margin upside and will cap positive earnings revisions. But DRI shares trade for 17.8x C’27 EPS, which we continue to believe is attractive for the growth profile. We raise our price target to $235 from $230 and raise 2027 EPS to $11.30 from $11.25."

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