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Fly News Breaks for June 22, 2018
DRI
Jun 22, 2018 | 07:22 EDT
Canaccord analyst Lynne Collier raised her price target on Darden to $120 from $115 following better than expected Q4 results. The analyst raised her estimates noting the quarter was driven by comp outperformance particularly at the core brands. She said management continues to execute impressively in the current environment and continues to gain market share on the back of operational enhancements, menu innovation, and off-premise growth. Collier reiterated her Buy rating on Darden shares.
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