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home / news releases / DRI - Darden Restaurants: Rating Downgrade As Near-Term Demand Outlook Is Not Looking Good

DRI - Darden Restaurants: Rating Downgrade As Near-Term Demand Outlook Is Not Looking Good

Darden Restaurants Inc.

2024-07-17 14:59:11 ET

Summary

  • I now recommend a sell rating.
  • The consumer spending environment is pressuring demand, leading to potential for increased promotions by competitors and market share loss for DRI.
  • Valuation for DRI is expected to compress if sales get pressured as I expect.

Investment action

For further details see:

Darden Restaurants: Rating Downgrade As Near-Term Demand Outlook Is Not Looking Good
Stock Information
Company Name: Darden Restaurants Inc.
Stock Symbol: DRI
Market: NYSE
Website: darden.com
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