Darden price target raised to $170 from $160 at KeyBanc

KeyBanc analyst Eric Gonzalez raised the firm’s price target on Darden to $170 from $160 and keeps an Overweight rating on the shares. The firm notes that Darden’s Q3 results included better-than-expected EPS, EBITDA, and same-store sales growth across each of its major segments. Store-level margins also exceeded consensus forecasts despite an uptick in commodity inflation during the quarter.