Darden Restaurants (NYSE:DRI) unveiled a $1.5 billion share buyback as analysts rally behind the stock—many with buy ratings and Bank of America setting a $276 target—underscoring institutional bullishness after a prior report mistakenly cited $1.5 million.
Previous Week Recap
- Darden Board Approves Buyback: Darden Restaurants (DRI) announced its board approved a $1.5 billion share buyback program; a correction fixed an earlier report that misstated the amount as $1.5 million.
- Analysts Bullish On Darden: Darden Restaurants (DRI) draws strong analyst support; many firms rate it a buy and Bank of America sets a high $276 price target, signaling bullish outlook among institutions.
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