Darden price target lowered to $191 from $192 at Citi

Citi lowered the firm’s price target on Darden to $191 from $192 and keeps a Buy rating on the shares ahead of the fiscal Q1 report. The analyst expects “another mixed read” from Darden that will show the company was not immune to a pullback in category spend. Darden is now working to more actively address traffic drivers in a choppier macro backdrop, the analyst tells investors in a research note. Citi believes the shares already embed a muted near-term outlook and offer investors “an attractive entry point into the share leader within the highly fragmented US full-service category.”