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DRI

Darden

$98.06

-0.98 (-0.99%)

16:31
01/22/18
01/22
16:31
01/22/18
16:31

Darden names Dave George as COO

Darden Restaurants announced the appointment of Dave George as Executive Vice President and COO, a new position within Darden. As COO, George will maintain his oversight of Olive Garden, Bahama Breeze, Seasons 52 and International Franchising while adding Cheddar's Scratch Kitchen to his leadership portfolio. He will continue to report to Gene Lee, President and CEO of Darden. George was named President, Olive Garden in 2013 and Executive Vice President, Darden Restaurants in 2016. He joined Darden in 2007 as President, LongHorn Steakhouse where he had served since 2003. Prior to that, George served as Senior Vice President, Operations for LongHorn Steakhouse (2001 - 2003) and Vice President, Operations for The Capital Grille (2000 - 2001).

DRI Darden
$98.06

-0.98 (-0.99%)

12/21/17
12/21/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Darden (DRI) upgraded to Buy from Hold at Argus with analyst John Staszak citing the company's "strong" second quarter report, contending that the company can transfer the initiatives to price aggressively, lower costs and increase customer traffic at Olive Garden to also improve results at its specialty brands. 2. Exxon Mobil (XOM) was upgraded to Focus List from Outperform and Royal Dutch Shell (RDS.A) was upgraded to Outperform at Scotia Howard Weil. 3. JPMorgan (JPM) and Wells Fargo (WFC) were upgraded to Buy from Neutral at Buckingham. 4. Community Bank System (CBU) upgraded to Hold from Sell at Sandler O'Neill. 5. Spirit Airlines (SAVE) upgraded to Buy from Hold at Deutsche Bank with analyst Michael Linenberg saying he believes Airline underperformers in 2017 could see the most upside in 2018 as their prospects improve. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/03/18
RHCO
01/03/18
NO CHANGE
Target $205
RHCO
Buy
McDonald's price target raised to $205 from $178 at SunTrust
SunTrust analyst Jake Bartlett raised his price target on McDonald's to $205 and keeps his Buy rating as part of his "Buy the Tax News" research note on Restaurants. Bartlett says tax reform will be a "windfall for restaurants", boosting their top-line on increased consumer spending and bottom-line through tax expense reduction. The analyst anticipates about 50-100bps improvement in comps, along with a shift away from the deep-value promotional environment of the past few years. Bartlett also raises his price target on Cracker Barrel (CBRL) to $163 from $140, Chipotle (CMG) to $363 from $355, Darden (DRI) to $109 from $95, and Wingstop (WING) to $50 from $40.
01/09/18
WELS
01/09/18
NO CHANGE
Target $99
WELS
Market Perform
Darden price target raised to $99 from $92 at Wells Fargo
Wells Fargo raised its price target for Darden to $99 from $92 to reflect guidance around corporate tax reform. The firm reiterates a Market Perform rating on the shares.
01/09/18
MAXM
01/09/18
NO CHANGE
Target $112
MAXM
Buy
Darden price target raised to $112 from $103 at Maxim
Maxim analyst Stephen Anderson raised his price target on Darden to $112 after the company boosted its FY18 EPS view. Anderson says he now models about 45c in upside from lower corporate tax rates alone, forecasting even more upside from the potentially accelerated buybacks. The analyst keeps his Buy rating on Darden while also lifting his Q3 EPS target to $1.65 from $1.55.

TODAY'S FREE FLY STORIES

PAA

Plains All American

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-0.14 (-0.59%)

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FSUMY

Fortescue Metal

$0.00

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PEP

PepsiCo

$112.95

0.23 (0.20%)

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MTW

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, CAT

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MTW

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CAT

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DE

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  • 30

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CZR

Caesars

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0.075 (0.65%)

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19:25
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Conference/Events
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CAAP

Corporacion America Airport

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RIO

Rio Tinto

$53.64

-0.36 (-0.67%)

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  • 10

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CDMO

Avid Bioservices

$4.46

-0.19 (-4.09%)

, IGT

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  • 16

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T

AT&T

$31.90

0.24 (0.76%)

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  • 24

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SBGI

Sinclair Broadcast

$29.10

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, TRCO

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  • 08

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DE

Deere

$136.19

-1.41 (-1.02%)

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CAT

Caterpillar

$138.06

-2.68 (-1.90%)

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  • 30

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RIO

Rio Tinto

$53.64

-0.36 (-0.67%)

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  • 10

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NFLX

Netflix

$400.24

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  • 16

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NFLX

Netflix

$400.24

4.32 (1.09%)

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  • 16

    Jul

IBM

IBM

$145.43

-0.48 (-0.33%)

, GRPN

Groupon

$4.70

0.025 (0.53%)

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Periodicals
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IBM

IBM

$145.43

-0.48 (-0.33%)

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  • 18

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LGF.A

Lionsgate

$25.33

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LGF.A

Lionsgate

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LGF.B

Lionsgate

$23.85

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  • 09

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GNRC

Generac

$52.40

-0.585 (-1.10%)

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MTW

Manitowoc

$26.99

-0.52 (-1.89%)

18:29
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NFLX

Netflix

$400.24

4.32 (1.09%)

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  • 16

    Jul

NFLX

Netflix

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4.32 (1.09%)

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  • 16

    Jul

FCPT

Four Corners Property Trust

$24.83

-0.06 (-0.24%)

18:24
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ASOMY

Asos

$0.00

(0.00%)

18:14
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