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The Latest Breaking News from Lauren Silberman

Stock Market Today: Stocks Climb After Fed Forecasts Three Rate Cuts This Year

The main indexes notched new record closes Wednesday after the Federal Reserve kept its outlook for rate cuts unchanged.

What Chipotle Stock's 50-for-1 Split Means for Investors

What Chipotle Stock's 50-for-1 Split Means for Investors

Chipotle stock will start trading on a split-adjusted basis ahead of Wednesday's open.

Read How Analysts Reacted To Darden Restaurants' Q4 Results

Read How Analysts Reacted To Darden Restaurants' Q4 Results

Wedbush analyst Nick Setyan lowered the price target on Darden Restaurants Inc (NYSE:DRI) to $122 (3% upside) from $140 and kept a Neutral rating on the shares. The analyst noted that FY23 guidance is predicated on normalization in inflation trends in the second half and has lowered his FY23 EPS estimate to $7.60 from $8.41…

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Analysts Cut Papa John's Price Target After Q1 Results

Several analysts lowered the price target on Papa John's International Inc (NASDAQ:PZZA) following the company's Q1 results. BMO Capital analyst Andrew Strelzik reduced the price target to $130 from $145 but maintained an Outperform rating on the shares. Deutsche Bank analyst Brian Mullan decreased the price target to $109 (25% upside) from $122 and maintained a Hold…

Analysts Slash Price Target On This Pizza Restaurant Chain

Analysts reduced their price target on Domino's Pizza Inc (NYSE:DPZ) after its Q1 earnings miss. RBC Capital analyst Christopher Carril lowered the price target to $440 from $480 (29% upside). Carril maintained an Outperform rating on the shares. The analyst specified that the delivery staffing challenges are the primary driver of weakness. Wedbush analyst Nick Setyan maintained…

Analysts Slash Price Target On This Restaurant Company Post Q3 Results

Credit Suisse analyst Lauren Silberman lowered the price target on Darden Restaurants Inc (NYSE:DRI) from $180 to $175 and maintained Outperform rating on the shares. The revised price target implies a 34% upside. While the analyst acknowledged the concerns about the discretionary nature of casual dining, she believes Darden is well-positioned to wade through near-term…

Analysts Slice Down This Pizza Chain's Price Targets

Analysts lowered their price target on Domino's Pizza Inc (NYSE:DPZ) following the company's Q4 results. Citi analyst Sergio Matsumoto lowered the price target to $480 (18% upside) from $540 and kept a Neutral rating on the shares. The analyst cited forecast decreases and market conditions for the reduced price target. Barclays analyst Jeffrey Bernstein lowered…

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