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Fly News Breaks for July 1, 2016
DRI
Jul 1, 2016 | 07:15 EDT
Oppenheimer analyst Brian Bittner says Darden's Q4 results were "solidly" in line, but the company's outlook for fiscal 2017 comps/EPS was a bit light. The analyst believes fundamentals appear well-positioned against a healthy 2017 bar and capital returns to shareholders are accelerating. Bittner says he would use potential weakness as a buying opportunity. He reiterates an Outperform rating and $70 price target on the shares.
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