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Fly News Breaks for June 13, 2019
DRI
Jun 13, 2019 | 09:08 EDT
Maxim analyst Stephen Anderson raised his price target on Darden to $132 and kept his Buy rating ahead of its Q4 results next Thursday, saying he expects the management to announce the launch of a company-wide loyalty rewards program that will bring its blended comps to 2.7% - up from 2.5% prior forecast and 2.1% consensus. The analyst also expects Darden to forecast "benign" food cost inflation outlook for FY20, raising his EPS forecast for the year by 5c to $6.82, which is above the $6.46 consensus.
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