The timing appears opportune to go long in shares of Darden Restaurants, Inc. as we anticipate another pick-up in the underlying trend. Investors have an opportunity to buy the stock and target the $ 148.98.
In a short-term perspective, the company has interesting fundamentals.
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.
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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