JPMorgan Lowers Price Target on Darden Restaurants (DRI)

By
A A A
Share |

Analysts at JPMorgan on Monday lowered their price target on full-service restaurant chain operator Darden Restaurants, Inc. ( DRI ).

The firm maintained its "Overweight" rating on DRI but lowered its price target from $53 to $51. That new target suggests a 17% upside to the stock's Friday closing price of $43.68.

Darden Restaurants shares, which have fallen almost 6% year-to-date, were mostly flat in premarket trading Monday.


The Bottom Line
Shares of Darden Restaurants ( DRI ) have a 3.94% dividend yield, based on Friday's closing stock price of $43.68. The stock has technical support in the $40-$42 price area. If the shares can firm up, we see overhead resistance around the $46-$48 price levels.

Darden Restaurants, Inc. ( DRI ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 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.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: DRI

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

60%

Most Active by Volume

33,110,376
  • $113.99 ▲ 1.77%
25,034,179
    $17.98 unch
24,486,872
  • $7.41 ▲ 2.07%
20,864,535
  • $7.39 ▼ 2.76%
18,600,501
  • $8.30 ▼ 0.36%
17,530,211
  • $8.14 ▲ 3.17%
17,299,208
  • $93.79 ▲ 2.74%
14,669,760
  • $25.78 ▼ 0.19%
As of 12/26/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com