Darden price target raised to $160 from $150 at KeyBanc

KeyBanc analyst Eric Gonzalez raised the firm’s price target on Darden to $160 from $150 and keeps an Overweight rating on the shares. With consumer spending on experiences likely to remain resilient, cost pressures beginning to moderate, and comparisons easing in early 2023, Gonzalez sees a favorable near-term setup for Darden and the casual dining industry, the analyst tells investors in a research note.