Wells Fargo Analyst Pulls Back On Darden Restaurants, Inc. (DRI)
Wells Fargo analyst Jeff Farmer downgraded his rating for Darden Restaurants, Inc. (NYSE:DRI) to Market Perform.
The analyst stated concerns regarding the slowing down of casual dining as one of the reasons that he lowered his rating. Farmer also notes that his prediction of a diminished rate of upward EPS revision is “pointing to the reinvestment of incremental cost savings.” The analyst kept his EPS estimates the same for 2017 and 2018.
According to TipRanks, Farmer has a success rate of 61% with an average return of 10.1% per recommendation.