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Stock impact report

The Case for Darden Restaurants (DRI) Gets Stronger [Yahoo! Finance]

Darden Restaurants, Inc. (DRI) 
Last darden restaurants, inc. earnings: 3/19 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
19, BofA raised its price target to $272 from $262 and maintained a Buy rating, citing slightly better estimates. Driven by healthy trends, the analyst raised the Q4 same-store sales growth projections to 3.9% from 3.1%. The analyst is also pencilling in lower commodity inflation at 3.5%, down from 4.0%. Before the results, BofA lifted the price target on Darden Restaurants, Inc. (NYSE:DRI) to $262, up from $261, and maintained a Buy rating on March 16. In the Q3 earnings preview, the analyst had said that the firm believes same-store sales growth will remain stable QoQ at the company's two flagship brands, Olive Garden and LongHorn. Darden Restaurants, Inc. (NYSE:DRI) Back on March 13, Bernstein SocGen Group reaffirmed an Outperform rating on Darden Restaurants, Inc. (NYSE:DRI) with a price target of $230. According to the firm, the company is in a good position for a turnaround into Q3, as the market underappreciates both the durability of demand drivers and the flexibility wi Show less Read more
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