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Upgrade Alert for Darden Restaurants (DRI)

By Nick Russo

Darden Restaurants (NYSE:DRI) was upgraded from Underperform to Market Perform at Raymond James today. The stock closed yesterday at $63.03 on volume of 1.2 million shares, below average daily volume of 2.0 million.

Darden Restaurants share prices have moved between a 52-week high of $75.60 and a 52-week low of $53.38 and closed yesterday at 18% above that low price at $63.03 per share. The 200-day and 50-day moving averages have moved 0.29% lower and 0.14% higher over the past week, respectively.

Darden Restaurants, Inc. operates casual dining restaurants in North America. The Company owns and operates seafood and Italian restaurants.

Darden Restaurants has overhead space with shares priced $63.03, or 2.2% below the average consensus analyst price target of $64.44. The stock should run into initial resistance at its 200-day moving average (MA) of $64.57 and subsequent resistance at its 50-day MA of $65.14.

SmarTrend is tracking the current trend status for Darden Restaurants and will alert subscribers who have DRI in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades Darden Restaurants

Ticker(s): DRI