Truist analyst Jake Bartlett raised the firm’s price target on Darden to $163 from $156 and keeps a Buy rating on the shares after its Q3 earnings beat, saying the company’s market share gains are accelerating and the overall restaurant demand appears solid. The analyst states that while commodity inflation guidance was increased, Darden has also taken incremental pricing steps, noting that the company’s expected 3% long-term growth further supports the stock’s valuation.
Published first on TheFly
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