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DRI

Darden

$86.55

0.14 (0.16%)

09:05
12/12/17
12/12
09:05
12/12/17
09:05

Darden price target raised to $94 from $85 at SunTrust

SunTrust analyst Jake Bartlett raised his price target on Darden to $94 ahead of next week's Q2 earnings, citing "sharp improvement in industry trends in October and November." Bartlett also ups his SSS estimates for Q2 to 2.1% from 0.9% and FY18 forecast to 2.1% from 1.7%, saying the new comps forecast implies about 3% of SSS outperformance at Olive Garden relative to peers. Bartlett adds that Olive Garden "thrives in value-oriented environment", pointing to similar trends driving SSS acceleration in late 2015. The analyst keeps his Hold rating on Darden on valuation.

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    Jan

DRI Darden
$86.55

0.14 (0.16%)

10/17/17
10/17/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Freeport McMoRan (FCX) downgraded to Sell from Hold at Deutsche Bank with analyst Chris Terry saying he sees an unfavorable risk/reward profile due to valuation and continued uncertainty at Grasberg. 2. Energy Transfer Partners (ETP) downgraded to Neutral from Buy at Goldman Sachs with analyst Theodore Durbin saying he sees a weaker distribution growth outlook and prefers Energy Transfer Equity (ETE) over Energy Transfer Partners. 3. Darden (DRI) downgraded to Hold from Buy at Argus with analyst John Staszak noting the company is not immune from weak conditions in the casual dining industry. 4. Blue Buffalo downgraded to Neutral from Overweight at JPMorgan analyst Ken Goldman saying he sees a more balanced risk/reward saying the company's sales into traditional channels may be weaker than he expected. 5. United Natural Foods (UNFI) downgraded to Underperform at RBC Capital with analyst Bill Kirk saying there is competitive contract risk from Amazon's (AMZN) acquisition of Whole Foods, as Amazon has the ability, incentive and precedent to decrease reliance United Natural Foods. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/18/17
LEHM
10/18/17
NO CHANGE
Target $325
LEHM
Equal Weight
Chipotle price target lowered to $325 from $370 at Barclays
Barclays analyst Jeffrey Bernstein lowered his price target for Chipotle Mexican Grill (CMG) to $325 saying he's cautious on the cautious into the Q3 earnings results. Fundamentals for restaurants are increasingly challenged and visibility remains limited, Bernstein tells investors in a research previewing the sector's earnings reports. His best ideas are McDonald's (MCD) followed by Wendy's (WEN) in quick service and Darden (DRI) followed by Bloomin' Brands (BLMN) in casual. The analyst adds that he's "intrigued" by Starbucks (SBUX).
10/19/17
PIPR
10/19/17
NO CHANGE
Target $94
PIPR
Overweight
Piper highlights Darden amid improving industry trends
Piper Jaffray analyst Nicole Miller Regan says that while Knapp Track same-store sales trends remained in slightly negative territory for September, they show a sequential improvement versus August. The analyst calls Darden Restaurants her favored investment in the current environment. She reiterates an Overweight rating on the shares with a $94 price target.
12/12/17
MAXM
12/12/17
NO CHANGE
Target $93
MAXM
Buy
Darden comps to rebound and food cost inflation remains low, says Maxim
Maxim analyst Stephen Anderson previews Darden's Q2 earnings next week, raising his SSS forecast to 1.4% from 1.1% on a solid rebound in sales following Hurricanes Harvey and Irma. Anderson also says the integration of the recent acquisition of Cheddar concept remains on track, adding that there's also room for potential downside on food costs. The analyst estimates overall food cost inflation of 0%-1%. Anderson keeps his Buy rating and $93 price target on Darden.

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VALU

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VALU

Value Line

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ZEAL

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GNMSF

Genmab

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HII

Huntington Ingalls

$242.12

5.24 (2.21%)

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BAESY

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, GD

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OIS

Oil States

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AVGO

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TRNC

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AP

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CG

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ANDX

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TRNC

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