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

In a report published Wednesday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on Darden Restaurants 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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsDeutsche BankGreg Poole
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!