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 Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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