Barclays analyst Jeffrey Bernstein lowered the firm’s price target on Darden to $175 from $177 and keeps an Overweight rating on the shares. The company’s fiscal Q1 results were modestly above consensus as the U.S. consumer remains resilient, the analyst tells investors in a research note.
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Read More on DRI:
- Darden Restaurants Reports Fiscal 2024 First Quarter Results; Declares Quarterly Dividend; Reiterates Fiscal 2024 Outlook; And Announces Election of New Board Chair
- Options Volatility and Implied Earnings Moves Today, September 21, 2023
- Darden names Cynthia Jamison as Chair of the Board
- Darden reports Q1 blended same-restaurant sales increase of 5.0%
- Darden backs FY24 adjusted cont ops EPS view $8.55-$8.85, consensus $8.74
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