Fly News Breaks for June 22, 2018
DRI
Jun 22, 2018 | 08:14 EDT
Baird analyst David Tarantino said the risk/reward for Darden remains positive following its solid Q4 results. The analyst was encouraged by the better than expected same-store sales despite tough comparisons. He also sees the potential for comps momentum to build into next year, leading to a further upward bias to earnings estimates. Tarantino reiterated his Outperform rating and raised his price target to $120 from $112 on Darden shares.
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