Darden price target raised to $200 from $180 at Wells Fargo

Wells Fargo raised the firm’s price target on Darden (DRI) to $200 from $180 and keeps an Equal Weight rating on the shares. While Q3 was expectedly soft, shares deserve to trade higher with quarter-to-date comparable sales running 3%-plus and signs that initiatives are gaining traction. Valuation looks full, but solid update nonetheless, Wells adds.