Darden price target raised to $220 from $200 at Wedbush

Wedbush analyst Nick Setyan raised the firm’s price target on Darden (DRI) to $220 from $200 and keeps an Outperform rating on the shares. Wedbush expects Darden’s category share gains to continue in an uncertain consumer environment, rendering visibility into the company’s ability to achieve targeted long-term annual returns relatively high, the analyst tells investors in a research note. The firm believes Darden’s narrowed same-store sales growth guidance is “realistic,” as is the high end of the reiterated EPS guidance.