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Fly News Breaks for September 20, 2019
DRI
Sep 20, 2019 | 08:24 EDT
BTIG analyst Peter Saleh keeps his Buy rating and $134 price target on Darden after its Q1 results. The analyst says the company's start to FY20 has been "respectable" with in-line earnings and "strong performance" at its two core brands, even though the quarter also saw some weakness in "polished casual" concepts. Saleh remains positive on Darden and its continued market share gains from smaller chains while maintaining its margin levels and generating free cash flow.
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