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UPDATE: Jefferies Reiterates Hold Rating, Lowers PT on Darden Restaurants on Lowered Estimates

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In a report published Monday, Jefferies reiterated its Hold rating on Darden Restaurants (NYSE: DRI), but lowered its price target from $47.00 to $44.00.

Jefferies noted, “Ahead of next week's investor meeting, DRI released a F3Q EPS outlook that came in below consensus as SSS slowed. Although we believe most of the deceleration is due to the impact of tax changes/refund delays & weather, we have very little visibility on a NT operating turnaround. We lowered EPS & PT, and maintain our Hold rating as we believe the 4% dividend yield is sustainable & provides support at these levels.”

Darden Restaurants closed on Friday at $46.22.

Latest Ratings for DRI

Sep 2015Maxim GroupInitiates Coverage onHold
Jul 2015BTIG ResearchInitiates Coverage onBuy
Jul 2015Goldman SachsInitiates Coverage onNeutral

View More Analyst Ratings for DRI
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings


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