Darden price target raised by $12 at Wedbush, here’s why

Wedbush analyst Nick Setyan raised the firm’s price target on Darden Restaurants to $177 from $165 and keeps an Outperform rating on the shares. The company reported solid fiscal Q2 results and increased 2024 earnings guidance, the analyst tells investors in a research note. The firm says the slightly lowered same-store-sales growth and revenue guidance is driven largely by lower check as inflation trends below expectations.