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Analysts Favor ‘Buys’ on Darden after Its Strong Fiscal Q4 2018

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.