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.
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