Darden price target raised to $209 from $193 at Morgan Stanley

Morgan Stanley analyst Brian Harbour raised the firm’s price target on Darden (DRI) to $209 from $193 and keeps an Overweight rating on the shares. Against still pretty tough sentiment on the stock pre-quarter and less demanding valuation, Q2 was “encouraging” and there continue to be some catalysts in the coming quarters, the analyst tells investors in a research note. The firm added that numbers are “up slightly here” but visibility is perhaps improved.