Analysts Favor ‘Buys’ on Darden after Its Strong Fiscal Q4 2018
On June 21, Darden Restaurants (DRI) was trading at $107.06. On the same day, analysts were expecting Darden’s stock price to reach $105.86 in the next 12 months, which represents a fall of 1.1% from its current stock price. Darden’s strong fiscal fourth-quarter earnings and optimistic outlook for fiscal 2019 appear to have compelled analysts to raise their target prices on the stock.