Darden price target lowered to $182 from $186 at Oppenheimer

Oppenheimer lowered the firm’s price target on Darden to $182 from $186 and keeps an Outperform rating on the shares. A more difficult setup for shares was confirmed as Q3 same store sales of down 1% was below the Streets +1.2% estimate and management detailed a weakening lower-end consumer that seems to be an ongoing overhang despite weather headwinds dissipating, the analyst tells investors in a research note.