Shares of Darden Restaurants Inc (NYSE:DR) tanked in early trading on Friday, after the company reported downbeat first quarter results.
Here are some analyst projections:
- TD Cowen analyst Andrew Charles maintained a Hold rating, while reducing the price target from $235 to $200.
- BTIG analyst Peter Saleh reiterated a Buy rating, while trimming the price target from $235 to $225.
Check out other analyst stock ratings.
TD Cowen: Although the magnitude was surprising, the decline in Darden Restaurants’ stock was due to “elevated Olive Garden expectations” and the share price appreciation over the last four weeks, Charles said in a note. While …