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Fly News Breaks for December 12, 2019
DRI
Dec 12, 2019 | 05:11 EDT
Goldman Sachs analyst Katherine Fogertey initiated coverage of Darden with a Sell rating and $115 price target. The analyst's estimates are below consensus as she models in slightly lower comps across most brands and factor in modest commodity inflation. Olive Garden comps hold risk from slowing consumer spending and a potentially challenging value menu, Fogertey tells investors in a research note. In addition, Olive Garden's off premise business is likely to grow slower than peers, she adds.
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