UBS raised the firm’s price target on Darden to $195 from $188 and keeps a Buy rating on the shares. UBS is encouraged by the improvement in momentum since July despite pressured Olive Garden trends in the quarter, the analyst tells investors in a research note. Still solid LongHorn momentum, achievability of FY guidance, and a strategic focus on value messaging and other initiatives to support traffic should enable improved sales and earnings momentum, the firm says.
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