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Fly News Breaks for March 26, 2018
DRI
Mar 26, 2018 | 07:16 EDT
Stephens analyst Will Slabaugh upgraded Darden to Overweight from Equal Weight, stating that he believes the stock's below-market valuation more than compensates for the slowdown in same-store sales growth on a 2-year basis that was reflected in its Q3 results. He believes the company is positioned to continue to outperform the industry given its off-premise growth, value proposition at Olive Garden and brand improvements at Longhorn, Slabaugh tells investors. He raised his price target on Darden shares to $105 from $95.
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