Darden price target raised to $198 from $193 at BofA

BofA analyst Sara Senatore raised the firm’s price target on Darden to $198 from $193 and keeps a Buy rating on the shares ahead of the company’s scheduled fiscal Q3 EPS report due before market open on March 21. The firm is raising its Q3 EPS view to reflect slightly lower restaurant expenses and notes that its unchanged FY24 EPS view is above consensus at $8.94.