Darden price target raised to $150 from $136 at Jefferies

Jefferies raised the firm’s price target on Darden (DRI) to $150 from $136 and keeps an Underperform rating on the shares after the company reported Q2 EPS that were about in line on same-store sales upside at Olive Garden and Longhorn. Underlying Olive Garden trends appear to be stabilizing, but some conservatism is “prudent” given dynamics across the current value landscape, says the firm, which adds that it still views the risk/reward as “skewed to the downside.”