Darden price target raised to $230 from $212 at Truist

Truist analyst Jake Bartlett raised the firm’s price target on Darden (DRI) to $230 from $212 and keeps a Buy rating on the shares after its Q3 results. Olive Garden’s SSS outperformance has expanded since January and the firm expects significant sales drivers with delivery and value promotions to sustain the momentum into FY26, the analyst tells investors in a research note. Darden is seeing encouraging signs with casual dining consumers after adjusting for weather, and expecting its comps to outperform even if demand softens, the firm added.