Darden Restaurants (DRI) : Analyst Rating Update

Darden Restaurants (DRI) has an average broker rating of 2.22, which is interpreted as a Buy, as rated by 18 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Darden Restaurants (DRI) : The highest level Darden Restaurants (DRI) is projected to reach is $80 for the short term and the lowest estimate is at $57. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $72.36 and the possibility the share price can swing is $6.31.

Darden Restaurants (NYSE:DRI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $61.60 and $61.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.22, notching a gain of 1.19% for the day. The total traded volume was 2,727,535 . The stock had closed at $61.49 on the previous day.

Also, Major Brokerage house, Tigress Financial upgrades its ratings on Darden Restaurants (NYSE:DRI). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 23, 2016. The company shares have dropped -13.20% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $75.60 and the one year low was seen on Nov 10, 2015. The 50-Day Moving Average price is $66.44 and the 200 Day Moving Average price is recorded at $64.33.

Darden Restaurants, Inc. is a full service restaurant company. The Company owns and operates more than 1,500 restaurants. The Companys restaurant brands include Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie Vs Prime Seafood, Wildfish Seafood Grill and Yard House. Through subsidiaries, the Company owns and operates all of its restaurants in the United States and Canada, except for three restaurants located in Florida and three restaurants in California, which are owned jointly by the Company and third parties, and managed by the Company, seven franchised restaurants in Puerto Rico and one Atlanta, Georgia airport location.

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