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Darden initiated with an Equal Weight at Wells Fargo
The Fly

Darden initiated with an Equal Weight at Wells Fargo

Wells Fargo analyst Zachary Fadem initiated coverage of Darden with an Equal Weight rating and $155 price target. Darden shares have underperformed the SPX by 650bps since November, and trades just 3% below its pre-pandemic average, but a 28% premium to casual dining peers that face similar headwinds, the analyst tells investors in a research note. Dareden has an "excellent" management team and should outperform peers fundamentally, the firm adds.

Published first on TheFly

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