- 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