Darden price target raised to $176 from $165 at JPMorgan

JPMorgan raised the firm’s price target on Darden to $176 from $165 and keeps an Overweight rating on the shares following the earnings report. The company is re-establishing its proven “Price Certainty” pre-Covid playbook at Olive Garden and benefitting from continued strength in steak, the analyst tells investors in a research note.