Darden price target raised to $150 from $145 at BMO Capital

BMO Capital raised the firm’s price target on Darden to $150 from $145 but keeps a Market Perform rating on the shares after its Q3 results. The earnings beat was driven by the company’s stronger comps and restaurant margins, but sales risks and flow-through limitations keep the firm from becoming more constructive on higher multiple casual diners, the analyst tells investors in a research note.