Darden price target lowered to $165 from $178 at Wedbush

Wedbush analyst Nick Setyan lowered the firm’s price target on Darden to $165 from $178 and keeps an Outperform rating on the shares. The company’s fiscal Q1 earnings were above expectations driven by better than expected same-store-sales growth and margin upside, the analyst tells investors in a research note. The firm calls Darden the “sturdiest ship in volatile full service waters.” Wedbush expect Darden’s category share gains to continue in an “increasingly uncertain consumer environment.”