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Fly News Breaks for January 17, 2019
DRI
Jan 17, 2019 | 07:46 EDT
Loop Capital analyst Lynne Collier kept her Buy rating and $130 price target on Darden, saying she remains "constructive" on the stock after the company's presentation at ICR conference. The analyst notes that CEO Gene Lee "expressed an upbeat tone around the consumer given favorable economic trends such as strong employment and wage growth". Collier is also positive on Darden's best-in-class position among the casual diners to "continue to gain market share given the company's superior operations, economies of scale and attractive price/value across all brands."
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