BMO Capital analyst Andrew Strelzik nudged his price target on Darden to $99 from $97 after its Q3 earnings beat that reflected the company's stronger same-store sales and margins and led the management to boost its FY19 projections for the 3rd straight quarter. The analyst also raises his FY19 and FY20 EPS outlook by 11c and 6c to $5.78 and $6.35 respectively, but keeps his Underperform rating for the stock. Strelzik maintains that he expects "slowing casual dining trends to pressure valuations across the group" and believes that risk/reward for Darden shares "favors the downside".