Darden Restaurants’ Target, Estimates Boosted at Susquehanna (DRI)

Full-service restaurant operator Darden Restaurants, Inc. ( DRI ) on Friday saw its price target and earnings estimates raised by analysts at Susquehanna. The firm said it lifted its price target on DRI from $56 to $57, which implies a 16% upside to the stock’s Thursday closing price of $49.30. Susquehanna also maintained its “Positive” rating on DRI, and boosted its earnings estimates. The analyst said that “expectations for 7-8% commodity inflation over the next 18 months will be a headwind to margin expansion; however, we view DRI as best able to defend margins with price increases, supply chain efficiencies, and real estate ownership.” Darden Restaurants shares were mostly flat in premarket trading Friday. The Bottom Line Shares of Darden Restaurants ( DRI ) have a 2.60% dividend yield, based on last night’s closing stock price of $49.30. The stock has technical support in the $44-$46 price area. The shares are trading near all-time highs and have little overhead resistance. Darden Restaurants, Inc. ( DRI ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Microchip Technology (NASDAQ:MCHP) Favorite Low Beta Semi Pick of Susquehanna

Filed in Gold Prices, lead, Microchip Technology, o, Susquehanna by on January 28, 2011 0 Comments

Microchip Technology (NASDAQ:MCHP) is the top pick of Susquehanna in the low beta segment, as their risk appears to be lower as lead times have shrunk. Susquehanna noted, “we believe the risk that another shoe will drop is lower for MCHP than others in the group because its lead times have come down. MCHP remains our favorite low beta semiconductor name.” They raised their due to their full

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