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UPDATE: Deutsche Bank Raises PT on Darden Restaurants on Potential Win-Win Scenario

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In a report published Wednesday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on Darden Restaurants (NYSE: DRI), and raised the price target from $45.00 to $54.00.

In the report, Deutsche Bank noted, “DRI is intriguing here given the potential win-win set up, meaning 1) either mgmt.'s initiatives begin to gain traction (helped by easy compares for next 4 qtrs.) and earnings move higher or 2) pressure builds for more significant change at the co. In either case, risk-reward seems skewed to the upside, esp. considering yld. support. However, given the dramatic increase in industry valuations YTD (incl. DRI), we'd prefer to wait for better entry pt. Hold.”

Darden Restaurants closed on Tuesday at $53.13.

Latest Ratings for DRI

DateFirmActionFromTo
Jul 2016Stifel NicolausDowngradesHoldSell
Jul 2016Wells FargoDowngradesMarket PerformUnderperform
Jun 2016Tigress FinancialUpgradesNeutralBuy

View More Analyst Ratings for DRI
View the Latest Analyst Ratings

Posted-In: Deutsche Bank Greg PooleAnalyst Color Price Target Analyst Ratings

 

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