Stephens lowered the firm’s price target on Darden to $159 from $165 and keeps an Equal Weight rating on the shares. An uncertain macro backdrop seems to have pressured traffic trends in the near-term as lower income households in particular have to make difficult decisions, the analyst tells investors. The firm’s Q1 adjusted EPS estimates move lower, driven by its now lower sales estimate, and it is taking down its estimates for FY25 to the lower end of the company’s guidance range.
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