Darden price target raised to $193 from $188 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Darden (DRI) to $193 from $188 and keeps an Overweight rating on the shares. The company’s Q2 report due Thursday is “likely still somewhat mixed,” notes the firm, whose estimates are “slightly below” the Street view on EPS. The firm adds that it doesn’t “see a particularly eventful quarter in store,” nor does it see a change to the FY25 guidance on the bottom line, which is sometimes adjusted post Q2, noting that its price target goes up as a function of layering in Chuy’s and rolling it forward to be based on calendar 2026.