Darden price target raised to $240 from $230 at Raymond James

Raymond James raised the firm’s price target on Darden (DRI) to $240 from $230 and keeps an Outperform rating on the shares. The company posted stronger than expected comps for Q4, led by strong trends at Olive Garden and LongHorn Steakhouse, and Raymond James thinks both brands can sustain solid outperformance into fiscal 2026, the analyst tells investors in a research note. The firm believes Darden can continue to outperform given strong near-term momentum and potential upside to management’s initial FY26 EPS guidance.