Jefferies Lowers Price Target on Darden (DRI)

Jefferies Lowers Price Target on Darden (DRI)


Jefferies reported on Wednesday that they have reduced their price target on restaurant company, Darden Restaurants, Inc.(DRI).

The firm, which currently has a “Hold” rating on DRI, has lowered the company’s price target to $42. This price target suggests a -4% drop from the stock’s current price of $43.78.

Analysts have lowered their rating on the company based on the analyst meeting pre-announcement.

Darden Restaurants shares were up 51 cents, or 1.11% during Wednesday morning trading. The stock has declined -7% in the past year.

The Bottom Line
Shares of Darden Restaurants, Inc.(DRI) have a 4.37% yield, based on Tuesday’s closing price of $45.79.

Darden Restaurants, Inc.(DRI) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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