UBS Downgrades Darden Restaurants (DRI)

UBS Downgrades Darden Restaurants (DRI)

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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.

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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