Darden price target raised to $186 from $177 at Truist

Truist analyst Jake Bartlett raised the firm’s price target on Darden to $186 from $177 and keeps a Buy rating on the shares. The firm’s investor meetings with the company’s management indicated that restaurant demand is solid and stable and that the promotional environment remains rational, the analyst tells investors in a research note. There is also little risk to margin guidance as commodity costs are tame and labor markets improve, Truist added.