Darden Restaurants’ Price Target Raised at Oppenheimer (DRI)

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Restaurant chain operator Darden Restaurants, Inc. ( DRI ) on Tuesday saw its price target boosted by analysts at Oppenheimer.

The firm said it now expects DRI shares to reach $57, which implies a 17% upside to the stock's Monday closing price of $48.54. Oppenheimer noted the company is likely realizing higher sales, particularly at its famous Red Lobster seafood chain.

Darden Restaurants shares rose 46 cents, or +1%, in premarket trading Tuesday.

The Bottom Line
Shares of Darden Restaurants ( DRI ) have a 2.64% dividend yield, based on last night's closing stock price of $48.54. The stock has technical support in the $45-$46 price area. The shares are trading near all-time highs and have little overhead resistance.

Darden Restaurants, Inc. ( DRI ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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