BMO Capital raised the firm’s price target on Darden to $160 from $155 but keeps a Market Perform rating on the shares after it’s Q2 earnings beat that was driven by stronger restaurant margins. BMO adds however that it sees a “balanced” risk/reward and a more challenged sales and margin setup through the second half of FY24, giving preference to “lower multiple alternatives with greater self-help/turnaround opportunities”.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DRI:
- Darden price target raised by $12 at Wedbush, here’s why
- Darden price target raised to $177 from $165 at Wedbush
- Darden (NYSE:DRI) Slides, Even as Q2 Earnings Beat Estimates
- Darden sees FY24 CapEx approximately $600M
- Darden Restaurants Reports Fiscal 2024 Second Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2024 Financial Outlook