Darden price target raised to $195 from $175 at BTIG

BTIG analyst Peter Saleh raised the firm’s price target on Darden (DRI) to $195 from $175 and keeps a Buy rating on the shares. The company’s Q1 results weren’t very encouraging with a miss on sales and earnings due to unexpected industry weakness in July, but its sales trends are improving, outweighing the Q1 shortfall, the analyst tells investors in a research note. BTIG adds that Darden’s Uber Eats (UBER) partnership is a positive sales driver that can generate a mid-single digit comp benefit over time.