Fly News Breaks for December 23, 2019
Dec 23, 2019 | 07:16 EDT
KeyBanc analyst Eric Gonzalez lowered his price target for Darden to $135 from $140 following weaker than expected same-store sales results at Olive Garden. Nonetheless, his expectation is that Darden's portfolio will continue to deliver industry leading results as a whole and believes Olive Garden has "strong" underlying momentum in spite of the recent promotional misfire. The analyst reiterates an Overweight rating on the shares.
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