Restaurant chain operator Darden Restaurants, Inc. (
) on Thursday saw its price target and earnings estimates raised by
analysts at Barclays Capital.
The firm said it boosted its price target for DRI from $51 to
$57, which represents an expected 15% upside to the stock's
Wednesday closing price of $49.60.
Barclays noted it expects strong fiscal second quarter results
from Darden, which will deliver its latest earnings report on Dec.
20. As a result, the firm raised its 2011 and 2012 EPS estimates
$3.35 and $3.85, respectively, while maintaining its "Overweight"
Darden Restaurants shares were mostly flat in premarket trading
The Bottom Line
Shares of Darden Restaurants (
) have a 2.58% dividend yield, based on last night's closing stock
price of $49.60. The stock has technical support in the $44-$46
price area. The stock is trading at all-time highs and has little
Darden Restaurants, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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