Deutsche Bank Maintains Hold on Darden Restaurants

In a research note, Deutsche Bank reiterates its Hold rating on Darden Restaurants (NYSE: DRI) as company posts in-line results for F2Q.

Deutsche Bank notes, "F2Q results were in line with the pre-announcement. As such, on the call we were focused on turnaround plans at Olive Garden, updated commodity guidance, and commentary on recent trends. Overall, we still struggle to get to FY12 guidance and have limited visibility on FY13 since the timing of the Olive Garden turnaround remains uncertain and commodity prices remain elevated."

DRI closed at $43.68 per share on Friday.