Market Overview

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

Share:

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

Latest Ratings for DRI

DateFirmActionFromTo
Oct 2019MaintainsOverweight
Sep 2019MaintainsBuy
Sep 2019MaintainsBuy

View More Analyst Ratings for DRI
View the Latest Analyst Ratings

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

 

Related Articles (DRI)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
TOLGoldman SachsInitiates Coverage On42.0
KBHGoldman SachsInitiates Coverage On36.0
YEXTSunTrust Robinson HumphreyMaintains28.0
LHCGSunTrust Robinson HumphreyMaintains160.0
DLRSunTrust Robinson HumphreyMaintains140.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

UPDATE: RBC Capital Markets Initiates Coverage on Dunkin' Brands on Multiple Positive Factors

Mid-Morning Market Update: Markets Rise; McDonald's October Comparable-Restaurant Sales Rise 0.5%