sx70
- Darden Restaurants (NYSE:DRI) on Friday held onto its Buy rating from analysts at Citigroup. They said the owner of dining chains including Olive Garden, The Capital Grille and LongHorn Steakhouse is on track to reach its lowered guidance for full-year sales.
- Shares of Darden (DRI) on Thursday fell 6.5% to a one-month low after the company reported quarterly earnings and updated its outlook for the year.
- Long-term investors, stock buybacks and some shifts in pair trades all can help to support Darden’s (DRI) share price, according to Citigroup.
- With the drop in share price on Thursday, Darden’s (DRI) stock traded at a cheaper price-to-earnings multiple of about 17 times for 2025, the bank said.