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DRI

Darden

$105.80

0.96 (0.92%)

06:48
01/11/19
01/11
06:48
01/11/19
06:48

Darden upgraded to Buy from Neutral at BofA/Merrill

BofA/Merrill analyst Gregory Francfort upgraded Daren to Buy and raised its price target to $120 from $113 saying the company is well positioned to continue to leverage its size and brand strength. Francfort believes Darden's data analytics and customer insights positions the company for an industry shift towards scale going forward. Darden has fared better with margin pressure than peers due to G&A leverage, operating efficiencies at the store level, and by avoiding incremental order delivery cost pressures, the analyst wrote in a note to investors.

  • 14

    Jan

DRI Darden
$105.80

0.96 (0.92%)

12/19/18
JPMS
12/19/18
NO CHANGE
Target $116
JPMS
Neutral
Darden pullback brings 'tactical buying opportunity,' says JPMorgan
JPMorgan analyst John Ivankoe keeps a Neutral rating on Darden Restaurants but views the recent share pullback as a "tactical buying opportunity." The analyst sees high margin visibility and raised his price target for Darden to $116 from $110 following the company's Q2 results. He believes investors should again look at Darden as "relatively lower-risk exposure to continued employment growth and wage expansion."
12/19/18
LOOP
12/19/18
NO CHANGE
Target $130
LOOP
Buy
Darden's solid Q2 result driven by better margins, says Loop Capital
Loop Capital analyst Lynne Collier kept her Buy rating and $130 price target on Darden after its "solid" Q2 results and raised guidance. The analyst notes that its earnings beat was driven by better margins, even with one-time items and a higher tax rate weighing on the bottom line. Collier sees Darden as one of her top picks in the industry based on its "best-in-class management team, continued market share gains supported by a superior value proposition, off-premise / menu innovation, significant economies of scale, and return of cash to shareholders."
12/19/18
12/19/18
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Medtronic (MDT) upgraded to Overweight from Neutral at JPMorgan with analyst Robert Marcus saying that over the past year he's seen a "significant turnaround in performance" at Medtronic. 2. Masimo (MASI) upgraded to Overweight from Neutral at Piper Jaffray with analyst William Quirk saying management, during recent meetings, was upbeat about their near- and longer-term prospects of driving 8%-10% sales growth, at least 100 basis points of operating margin improvement and the company's 30% operating profit goal. 3. Darden (DRI) upgraded to Buy from Hold at Maxim and to Buy from Neutral at BTIG. 4. Best Buy (BBY) upgraded to Neutral, risks priced in, says MoffettNathanson with analyst Greg Melich saying sales and margin risks are reflected in valuation. 5. General Electric (GE) upgraded to Buy from Hold at Vertical Research. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/11/19
PIPR
01/11/19
NO CHANGE
PIPR
Piper lays out top restaurant stock recommendations for 2019
Restaurant stocks are back in favor, Piper Jaffray analyst Nicole Miller Regan tells investors in a research note. She believes "we are at the mid-point of the current contraction phase." Fewer stocks, a fundamentally improved supply/demand balance resulting in improved sales performance, and ongoing consolidation lend valuation support, says the analyst. She views restaurant sector as being favorably positioned "as investors shift their perspective to the eventual expansion cycle." Miller Regan's top stock recommendations for 2019 include companies with "operational momentum and strong culture as drivers," namely Darden (DRI), McDonald's (MCD) and Shake Shack (SHAK), as well as companies she has a high level of conviction on recovery situations, like Chipotle Mexican Grill (CMG). Those four are her top picks for 2019.

TODAY'S FREE FLY STORIES

13:15
01/21/19
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13:15
General news
IMF trimmed global growth amid "no-deal" Brexit and trade war concerns »

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UQM

UQM Technologies

$1.10

0.05 (4.76%)

13:05
01/21/19
01/21
13:05
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13:05
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UQM Technologies acquired by Danfoss Power Solutions for $1.71 per share »

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SNY

Sanofi

$41.50

-0.54 (-1.28%)

12:37
01/21/19
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Sanofi granted U.K. marketing authorization for TIV High Dose »

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RTN

Raytheon

$165.11

2.285 (1.40%)

12:33
01/21/19
01/21
12:33
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12:33
Hot Stocks
Raytheon awarded $24.36M order for F/A-18 aircraft system repair »

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IBCP

Independent Bank

$22.80

-0.11 (-0.48%)

11:26
01/21/19
01/21
11:26
01/21/19
11:26
Hot Stocks
Independent Bank boosts quarterly dividend by 20% to 18c »

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  • 29

    Jan

11:25
01/21/19
01/21
11:25
01/21/19
11:25
General news
FX Update: The dollar majors have been directionally challenged »

FX Update: The dollar…

EDIT

Editas Medicine

$26.16

-0.01 (-0.04%)

11:25
01/21/19
01/21
11:25
01/21/19
11:25
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Editas Medicine announces publication of EDIT-101 data in Nature Medicine »

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GOOG

Alphabet

$1,098.25

6.96 (0.64%)

, GOOGL

Alphabet Class A

$1,106.92

7.52 (0.68%)

11:23
01/21/19
01/21
11:23
01/21/19
11:23
Hot Stocks
France's National Data Protection Commission fines Google 50M euros »

France's National…

GOOG

Alphabet

$1,098.25

6.96 (0.64%)

GOOGL

Alphabet Class A

$1,106.92

7.52 (0.68%)

03/08/13
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  • 03

    Mar

LAD

Lithia Motors

$87.13

1.57 (1.84%)

10:25
01/21/19
01/21
10:25
01/21/19
10:25
Conference/Events
Lithia Motors to host special shareholder meeting »

Special shareholder…

03/08/13
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CYDY

CytoDyn

$0.00

(0.00%)

10:25
01/21/19
01/21
10:25
01/21/19
10:25
Conference/Events
CytoDyn participates in lunch meeting with Philadelphia Securities »

Luncheon Meeting with…

03/08/13
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  • 21

    Jan

ABT

Abbott

$71.43

0.9 (1.28%)

09:50
01/21/19
01/21
09:50
01/21/19
09:50
Hot Stocks
Abbott announces FDA approval of TactiCath Contact Force Ablation Catheter »

Abbott announced FDA…

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  • 23

    Jan

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    Jan

SFUN

Fang Holdings

$1.88

-0.01 (-0.53%)

09:48
01/21/19
01/21
09:48
01/21/19
09:48
Hot Stocks
Fang announces management changes, proposed China Index spin-off »

Fang Holdings announced a…

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TS

Tenaris

$24.32

0.64 (2.70%)

09:45
01/21/19
01/21
09:45
01/21/19
09:45
Hot Stocks
Tenaris closes acquisition of 47.79% of Saudi Steel Pipe shares »

Tenaris S.A. announced…

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PAAS

Pan American Silver

$14.17

-0.31 (-2.14%)

09:42
01/21/19
01/21
09:42
01/21/19
09:42
Hot Stocks
Pan American reports 2018 silver production 24.8M ounces »

Pan American Silver Corp.…

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CRWS

Crown Crafts

$5.68

(0.00%)

09:38
01/21/19
01/21
09:38
01/21/19
09:38
Hot Stocks
Crown Crafts announces retirement of NoJo Baby & Kids CEO »

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AL

Air Lease

$37.50

0.6 (1.63%)

, BA

Boeing

$364.79

5.52 (1.54%)

09:36
01/21/19
01/21
09:36
01/21/19
09:36
Hot Stocks
Air Lease announces lease placement of Boeing 737 MAX 9 »

Air Lease (AL) announced…

AL

Air Lease

$37.50

0.6 (1.63%)

BA

Boeing

$364.79

5.52 (1.54%)

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  • 30

    Jan

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UTSI

UTStarcom

$3.22

0.1 (3.21%)

09:34
01/21/19
01/21
09:34
01/21/19
09:34
Hot Stocks
UTStarcom says TDI paid $4.54 per share to increase stake to 9.9% »

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VRTX

Vertex

$194.63

4.19 (2.20%)

09:31
01/21/19
01/21
09:31
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09:31
Hot Stocks
Vertex says European Commission granted label extension for Orkambi »

Vertex Pharmaceuticals…

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  • 11

    Feb

ALNY

Alnylam

$83.08

2.4 (2.97%)

09:30
01/21/19
01/21
09:30
01/21/19
09:30
Hot Stocks
Alnylam, Israel's Medison partner to commercialize Onpattro, RNAi portfolio »

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THO

Thor Industries

$66.56

1.905 (2.95%)

09:26
01/21/19
01/21
09:26
01/21/19
09:26
Hot Stocks
Thor finalizing talks to exclude EHG's North American operations from deal »

Thor Industries provided…

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PLWTY

Panalpina

$0.00

(0.00%)

08:44
01/21/19
01/21
08:44
01/21/19
08:44
Downgrade
Panalpina rating change at Jefferies »

Panalpina downgraded to…

03/08/13
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EFGSY

Eiffage

$0.00

(0.00%)

08:41
01/21/19
01/21
08:41
01/21/19
08:41
Upgrade
Eiffage rating change at Barclays »

Eiffage upgraded to…

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TVFCF

Television Francaise 1

$0.00

(0.00%)

08:40
01/21/19
01/21
08:40
01/21/19
08:40
Downgrade
Television Francaise 1 rating change at Citi »

Television Francaise 1…

03/08/13
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ATVDY

Atresmedia

$0.00

(0.00%)

08:37
01/21/19
01/21
08:37
01/21/19
08:37
Upgrade
Atresmedia rating change at Citi »

Atresmedia upgraded to…

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TDPAY

Tod's

$0.00

(0.00%)

08:36
01/21/19
01/21
08:36
01/21/19
08:36
Downgrade
Tod's rating change at Citi »

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