Darden Restaurants Rating Lowered to Neutral at UBS AG (DRI)
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse cut their EPS estimates on shares of Darden Restaurants in a research note on Wednesday. They now have a neutral rating and a $45.00 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Darden Restaurants from $55.00 to $53.00 in a research note to investors on Thursday, February 28th. They now have an outperform rating on the stock. Finally, analysts at Sterne Agee reiterated a buy rating on shares of Darden Restaurants in a research note to investors on Thursday, February 28th. They now have a $55.00 price target on the stock.
Ten research analysts have rated the stock with a buy rating, one has given an overweight rating, twenty have assigned a hold rating, one has assigned an underweight rating, and one has given a sell rating to the company. Darden Restaurants has a consensus rating of overweight and a consensus target price of $48.56.
Shares of Darden Restaurants opened at 47.93 on Monday. Darden Restaurants has a one year low of $44.11 and a one year high of $57.93. The stock’s 50-day moving average is currently $46.36. The company has a market cap of $6.200 billion and a P/E ratio of 13.69.
Darden Restaurants, Inc. (Darden) is a company owned and full-service restaurant company. As of May 27, 2012, the Company operated through subsidiaries 1,994 restaurants in the United States and Canada.
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