Darden price target raised to $187 from $160 at Raymond James

Raymond James raised the firm’s price target on Darden (DRI) to $187 from $160 and keeps an Outperform rating on the shares. Darden reported “soft” Q1 results that were more than offset by stronger quarter-to-date trends and optimism that Olive Garden’s launch of “first party” delivery with Uber (UBER), the analyst tells investors in a research note. The firm estimates that the Uber partnership could prove to be a low to mid single digit percentage incremental sales layer over time.