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Fly News Breaks for June 26, 2017
DRI
Jun 26, 2017 | 07:08 EDT
Oppenheimer analyst Brian Bittner raised his price target for Darden Restaurants to $100 and reiterates an Outperform rating on the name. Consensus expectations for 10% annual earnings growth through 2019 appears conservative and underappreciates the Cheddar's acquisition, Bittner tells investors in a research note, citing is analysis. He views the current valuation as "not too expensive."