Market Overview

UPDATE: Miller Tabak Cuts PT to $54 on Darden Restaurants on Choppy Earnings Environment

Share:
Related DRI
Oppenheimer Maintains Outperform Rating On Darden Ahead Of Q4 Results
Darden Restaurants Q4 Results Previewed By Baird
Notable earnings before Thursday's open (Seeking Alpha)

Miller Tabak maintained Darden Restaurants (NYSE: DRI) with a Buy rating and lowered the price target from $55.00 to $54.00.

Miller Tabak commented, "We reiterate our Buy rating on Darden Restaurants (DRI) following this week's investor conference as we argue management is laying the groundwork for a longer-lasting turnaround at the company's three main brands. Although the company's value initiatives arguably have amplified negative comps recently, we think over time these initiatives will lead to increased customer visits as they did in the mid-scale bar-andgrill segment in 2011."

Darden Restaurants closed at $46.83 on Wednesday.

Latest Ratings for DRI

DateFirmActionFromTo
Jun 2016Tigress FinancialUpgradesNeutralBuy
May 2016BernsteinInitiates Coverage onMarket Perform
May 2016Piper JaffrayUpgradesNeutralOverweight

View More Analyst Ratings for DRI
View the Latest Analyst Ratings

Posted-In: Miller TabakAnalyst Color Price Target Analyst Ratings

 

Related Articles (DRI)

View Comments and Join the Discussion!