Market Overview

UPDATE: RBC Capital Markets Initiates Coverage on Darden Restaurants on Modest Upside, Long-Term Opportunities

Related DRI
Soaring Beef Prices: 3 Stocks to Feel the Bite - Analyst Blog
Market Wrap For April 1: S&P 500 Hitting New All-Time High Not An April Fools' Joke
Some Investors Tipped Off Before Activist Bids (Fox Business)

In a report published Friday, RBC Capital Markets analyst David Palmer initiated coverage on Darden Restaurants (NYSE: DRI) with a Sector Perform rating and $55.00 price target.

In the report, RBC Capital Markets noted, “We see modest upside in Darden's stock. While there is reason to expect modest near term sales improvement, we see a more significant sales and earnings turn in FY15 at the earliest. Fixing value perceptions in a low-growth industry likely will be a multi-year project. While we do not see a ‘silver bullet', we do believe Darden has long-term opportunities in overhead, productivity and media efficiency.”

Darden Restaurants closed on Thursday at $52.14

Posted-In: David Palmer RBC Capital MarketsAnalyst Color Initiation Analyst Ratings


Most Popular

Related Articles (DRI)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free