Darden's marketing spending reductions carry risk, says Credit Suisse Credit Suisse said external data shows Darden is reducing FY15 ad spend. The firm believes the marketing reduction carries comp risk and notes previous reductions resulted in reduced top-line growth. Shares are Underperform rated with a $43 price target.
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.