Wall Street Sees No Upside For Darden; Are There Better Options Out There?
Interestingly enough, each member of the trio -- Bank of America ($47.00), Telsey ($54.00) and Barclays ($57.00) -- revealed a price target below Darden's current trading range near $57.70.
Related topic: Darden Restaurants Puts Priority On Real Estate
Is There More Upside Elsewhere?
There are other options.
Research firm Wunderlich, for instance, seems to like BJ's Restaurants, Inc. (NASDAQ: BJRI). It issued a Buy rating, along with a $56.00 price target on December 10. Shares currently trade just above $48.
Analysts also see considerable upside potential in Chipotle Mexican Grill, Inc. (NYSE: CMG). Goldman Sachs initiated coverage on December 8 with a Buy rating and a $790.00 price target -- the stock currently trades around $649.00. Citigroup, meanwhile, holds a price target of $765.00 on the stock.
A final favorite: Starbucks Corporation (NASDAQ: SBUX). Last week, both Jefferies and Goldman Sachs issued Buy ratings on the company, with price targets of $97.00 and $95.00, respectively.
That equates to upside of about 20 percent.
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