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Fly News Breaks for June 25, 2015
DRI
Jun 25, 2015 | 07:59 EDT
Oppenheimer increased its price target on Darden after the company reported stronger than expected results and provided higher than expected 2016 EPS guidance. The firm thinks that if the two entities formed following the spin off of the company's real estate assets execute well, the company will be able to reduce its debt by $1B, buy back stock and potentially increase its dividend. The firm keeps an Outperform rating on the shares.
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