Darden price target raised to $187 from $177 at Wedbush

Wedbush raised the firm’s price target on Darden Restaurants to $187 from $177 and keeps an Outperform rating on the shares. The firm’s channel checks point to Darden’s same-store-sales growth trending at least in-line with consensus estimates. With one quarter left, the firm expects the company’s full year guidance to be upped towards the high end or above the previous range. Wedbush says Darden’s category share gains will continue in an increasingly uncertain consumer environment, rendering visibility into its ability to achieve or exceed current consensus expectations relatively high.