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He sees limited upside given the stock’s current levels. He also feels that the $780 million acquisition of Cheddar’s Scratch Kitchen won’t be a material contributor to Darden’s overall sales and profit growth for the next couple of years. Will Slabaugh at Stephens is sticking to his neutral Equal Weight rating, but he is raising his price target from $75 to $85 after what he deemed to be “strong” fiscal third-quarter results. The stock closed at $82.62 on Tuesday, so his revised price goal doesn’t suggest that there’s a lot of upside from here. Slabaugh feels that many of the future positive catalysts are already priced into the stock. Lynne Collier at Canaccord is more upbeat. She’s pushing her price target on the shares from $84 to $90, and sticking to her buy rating. Analysts may simply be adjusting their price targets to account for the buoyant share price — Darden stock is trading 14% higher so far this young year and 24% higher over the past 12 months — but Collier does see the fundamentals improving. She’s increasing her profit targets for fiscal 2017 and 2018.

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