UBS reported on Friday that they have downgraded restaurant company, Darden Restaurants, Inc.(DRI).
The firm has downgraded DRI from “Buy” to “Neutral”, and has given the company a $47 price target. This price target suggests that the stock remain flat from its current price of $46.27.
Analysts have lowered their rating of the company based on higher bonus payments and the margin impact of a larger amount of low priced promotions offered to customers.
Darden shares were mostly flat during premarket trading Friday. The stock has dropped -6% in the past year.
The Bottom Line
Shares of Darden Restaurants, Inc.(DRI) have a 4.32% yield, based on Thursday’s closing price of $46.27.
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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