Darden price target lowered to $40 from $42 at Susquehanna Susquehanna lowered its price target on Darden following its Investor Day. The company lowered its guidance and described strategic adjustments including capital expenditure cuts. Although the cuts are necessary the firm believes its value strategy will put gross margins at risk. Shares are Neutral rated.
Opco reiterates Darden as a top idea after CEO news Oppenheimer reiterates Darden as a top idea after the company removed the temporary status of CEO Gene Lee. Opco views the development as an incremental positive and reiterates an Outperform rating on the name.