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Credit Suisse dropped their target price on shares of Darden Restaurants (NYSE:DRI) from $48.00 to $46.00 in a research note issued on Tuesday. Credit Suisse’s price objective would indicate a potential downside of 6.08% from the company’s current price.

Darden Restaurants (NYSE:DRI) traded down 1.14% on Tuesday, hitting $48.42. 726,307 shares of the company’s stock traded hands. Darden Restaurants has a 1-year low of $44.78 and a 1-year high of $55.25. The stock’s 50-day moving average is $49.86 and its 200-day moving average is $50.79. The company has a market cap of $6.388 billion and a price-to-earnings ratio of 19.55.

Darden Restaurants (NYSE:DRI) last announced its earnings results on Friday, March 21st. The company reported $0.82 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.82. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, analysts predict that Darden Restaurants will post $2.46 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on DRI. Analysts at Zacks upgraded shares of Darden Restaurants from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 1st. They now have a $52.00 price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Darden Restaurants in a research note on Tuesday, April 15th. They now have a $54.00 price target on the stock, up previously from $52.00. Finally, analysts at Deutsche Bank raised their price target on shares of Darden Restaurants from $47.00 to $49.00 in a research note on Tuesday, March 25th. They now have a “hold” rating on the stock. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $51.31.

Darden Restaurants, Inc is a full service restaurant company. As of May 26, 2013, the Company operated through subsidiaries 2,138 restaurants in the United States and Canada.

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