Morgan Stanley raised the firm’s price target on Darden (DRI) to $235 from $215 and keeps an Overweight rating on the shares ahead of what the firm sees as “likely a good quarter to be reported Friday.” With the stock up about 25% over the past quarter, the firm thinks a good quarter is “appreciated and so maybe not a big driver post print,” but still sees “beatable numbers ahead” as Darden regains some momentum, the analyst tells investors in a preview.
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