Fly News Breaks for December 20, 2019
Dec 20, 2019 | 08:33 EDT
BTIG analyst Peter Saleh lowered his price target on Darden to $126 after its Q2 results showed "weaker" sales at Olive Garden with reduced potential for earnings outperformance in FY20. The analyst is keeping his Buy rating however, noting that he still expects Darden to capture market share in casual dining as weakness at the Olive Garden chain proves to be "transitory" thanks to the management's "re-engaged" marketing and $5 Take Home initiatives.
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