Darden Restaurants, Inc. : No turn-around in sight
Entry price | Target | Stop-loss | Potential |
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$137.63 |
$148.98 |
$125.3 |
+8.25% |
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The timing appears opportune to go long in shares of Darden Restaurants, Inc. as we anticipate another pick-up in the underlying trend.
Summary● In a short-term perspective, the company has interesting fundamentals.
Strengths●
● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
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Weaknesses● With a 2021 P/E ratio at 37.84 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
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