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Suntrust sees Darden running to new high

Jun. 07, 2018 8:23 AM ETDarden Restaurants, Inc. (DRI) StockDRIBy: Clark Schultz, SA News Editor3 Comments
  • SunTrust Robinson Humphrey upgrades Darden Restaurants (NYSE:DRI) to a Buy rating after having it lined up at Hold.
  • Analyst Jake Bartlett sees investors stretching out the trading multiple on Darden after factoring in improving same-store sales.
  • While the restaurant operator could see transitory issues impact results when it reports earnings on June 21, Bartlett and team think future unit growth support the bull thesis.
  • The new price target from Stephens on Darden is $110. The 52-week high on Darden is $100.11.
  • Sources: Bloomberg, MarketWatch

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