Truist raised the firm’s price target on Darden to $195 from $185 and keeps a Buy rating on the shares. The company’s Q1 earnings missed estimates, but its challenges “appear temporary” amid a broad-based same-store-sales improvement across Darden’s portfolio since July, the analyst tells investors in a research note. Truist further cites the addition of delivery to support accelerating SSS in late FY24 and FY25, with no drag in margins.
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