BofA analyst Sara Senatore raised the firm’s price target on Darden (DRI) to $252 from $238 and keeps a Buy rating on the shares, noting that credit/debit card data for the period ended May 23 show Olive Garden’s observed sales growth improving quarter-over-quarter in fiscal Q4. The firm, which now models slightly higher Q4 same-store sales growth of 4.1%, raised its Q4 EPS estimate to $3.07 from $2.98, versus consensus at $2.94, the analyst tells investors in a preview.
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