Darden Restaurants (DRI) Declares $0.56 Quarterly Dividend; 2.9% Yield

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Go back to Darden Restaurants (DRI) Declares $0.56 Quarterly Dividend; 2.9% Yield

Oppenheimer Raises Price Target on Darden Restaurants (DRI) Ahead of 2Q release

December 16, 2016 10:18 AM EST

Oppenheimer reiterated an Outperform rating on Darden Restaurants (NYSE: DRI), and raised the price target to $85.00 (from $70.00), ahead of the company's 2Q earnings report. Oppenheimer models EPS of $4.37, which represents 11% EPS growth. This is slightly above current Street estimate of $4.31.

Analyst Brian Bittner... More