Darden price target lowered to $160 from $165 at TD Cowen

TD Cowen analyst Andrew Charles lowered the firm’s price target on Darden to $160 from $165 and keeps an Outperform rating on the shares. The analyst said we are incrementally more cautious near term given commentary about an industry slowdown cited in March that has continued into April and are lowering 4Q and 2024 consolidated Darden SSS.