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Fly News Breaks for March 23, 2018
DRI
Mar 23, 2018 | 07:54 EDT
Maxim analyst Stephen Anderson maintained his Buy rating and $112 price target on Darden Restaurants following its "mixed" Q3 results. In a research note to investors, Anderson said he believes that Darden's underlying fundamental trends are "solid" despite the comp miss in the quarter. Anderson also noted that the big jump in labor costs year-over-year "appears to be primarily company-specific," and sees this being mitigated in Darden's fiscal 2019, which begins in June.
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