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Fly News Breaks for August 13, 2019
DRI
Aug 13, 2019 | 09:16 EDT
As previously reported, MKM Partners analyst Brett Levy initiated Darden with a Neutral rating and a price target of $120. The analyst is positive on the company's earnings drivers from its fine dining and other divisions along with the launch of new menu items, the expansion of its loyalty program, and its increased capital returns, but warns about the headwinds of a slowing macro environment and greater discounting from the more competitive landscape.
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