Darden price target raised to $178 from $175 at Wedbush

Wedbush analyst Nick Setyan raised the firm’s price target on Darden to $178 from $175 and keeps an Outperform rating on the shares. Despite mixed same-store sales growth, Darden reported Q4 EPS ahead of expectations, the analyst tells investors in a research note. Same-store sales growth guidance for FY24 was also above expectations, and Darden’s EPS guidance should be viewed within the context of management’s customary conservatism, the firm says.