There are several reasons Darden Restaurants’ (NYSE: DRI) stock price can trend higher this year, including, but not limited to, top- and bottom-line outperformance, guidance, growth, acceleration, the dividend, and share buybacks. The net result is a strong tailwind for the price action, which is gaining momentum.
The technical outlook alone suggests that this stock could rise by another $80 relative to its mid-June highs, and there is a high probability that this is a low target.
