Darden price target raised to $211 from $195 at BofA

BofA raised the firm’s price target on Darden (DRI) to $211 from $195 and keeps a Buy rating on the shares following a Q2 report that the firm says “was a more typical quarter for Darden,” with Olive Garden comps turning positive after being negative for the prior three quarters and Longhorn comps “beating handily.” With the benefits of increased marketing and potential upside from new channels, the firm expects Olive Garden comps to remain positive in the second half of FY25, the analyst added.