Darden price target lowered to $185 from $190 at Truist

Truist lowered the firm’s price target on Darden to $185 from $190 but keeps a Buy rating on the shares after the company’s in-line Q3 results. Darden should weather near-term pressure on restaurant demand from lower income consumers relatively well and continue to gain significant market share despite its disciplined focus on profitable sales, which is supporting margins, the analyst tells investors in a research note. The company’s FY25 development guidance is disappointing but may prove conservative if development headwinds ease, the firm added.