Darden price target raised to $215 from $205 at Stifel

Stifel analyst Chris O’Cull raised the firm’s price target on Darden (DRI) to $215 from $205 and keeps a Buy rating on the shares. Darden reported in line Q3 earnings of $2.80 despite softer-than expected comps at Olive Garden and LongHorn, with lower G&A and marketing expenses largely offsetting the lower revenue relative to the projections, the analyst tells investors in a research note. Stifel is encouraged by the continued progress of the Uber Direct (UBER) rollout at Olive Garden, and the addition of the delivery service in brands where it’s a good fit can drive significant comp benefits for the next several quarters.