Darden price target raised to $165 from $150 at Stephens

Stephens analyst Joshua Long raised the firm’s price target on Darden to $165 from $150 and keeps an Overweight rating on the shares after the company reported Q3 results. THe firm said that, despite the near-term pressures experienced across the industry, it remains "impressed" by the company’s operational execution capabilities and ability to leverage the size and scale of its portfolio. Stephens believes Darden remains well-positioned to outpace peers despite the challenging macroeconomic backdrop.