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

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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
Mar 2015Telsey AdvisoryUpgradesMarket PerformOutperform
Mar 2015OppenheimerMaintainsOutperform
Mar 2015Credit SuisseInitiates Coverage onNeutral

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Posted-In: Miller TabakAnalyst Color Price Target Analyst Ratings

 

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