Market Overview

UPDATE: Jefferies & Company Downgrades Darden Restaurants to Hold, Lowers PT

Related DRI
SunTrust Initiates Quick Service, Fast Casual Restaurant Names
Going Shopping With Consumer Discretionary ETFs
My K.I.S.S. Dividend Portfolio: 3rd Quarter 2015 Update (Seeking Alpha)

In a report published Wednesday, Jefferies & Company downgraded its rating on Darden Restaurants (NYSE: DRI) to Hold, and lowered its price target from $61.00 to $47.00.

Jefferies noted, “With DRI preannouncing a disappointing F2Q miss & once again lowering guidance into the qtr, we are downgrading the stock from Buy to Hold. Valuation is reasonable & we like the Yardhouse acq, but sales have stagnated despite multiple efforts to reinvigorate traffic. We cut our F13/14 EPS to $3.35/3.82, PT to $47 and rating to Hold as we await better visibility on the top line.”

Darden Restaurants closed on Tuesday at $47.40.

Latest Ratings for DRI

Oct 2015SunTrust Robinson HumphreyInitiates Coverage onNeutral
Sep 2015Maxim GroupInitiates Coverage onHold
Jul 2015BTIG ResearchInitiates Coverage onBuy

View More Analyst Ratings for DRI
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Downgrades Analyst Ratings


Related Articles (DRI)

View Comments and Join the Discussion!

Get Benzinga's Newsletters