RBC Capital analyst David Palmer upgraded Darden to Outperform from Sector Perform and raised his price target to $97 from $93. Palmer cites the company's performance in restaurant operations, with "world-class digital capabilities, marketing, consumer insights, and R&D" as well as its prudent labor investments and "promotion rationalization". The analyst is also positive on Darden's compelling valuation following the recent pullback in its stock price considering the company's outlook for mid-single-digit revenue growth. Looking ahead, Palmer also sees positive industry macros from tax refund tailwinds and rising wage growth.