Bernstein upgraded Darden (DRI) to Outperform from Market Perform with a price target of $215, up from $180. After a “dismal 2024, the restaurants sector looks relatively inexpensive,” the analyst tells investors in a research note. The firm sees initial signs of demand recovery, which it believes could sustain the restaurants’ momentum in 2025. Darden has upside from improvements in its core middle-income consumer cohort, rollout of UberDirect with marketing support, and efficiency measures supporting margin expansion, contends Bernstein.
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