This morning, Jefferies reduced its price target on shares of Darden Restaurants (NYSE:DRI) to $47 following the company's own reduction in guidance. In the report, Jefferies noted that fundamentals across the casual dining sector remain weak and set a hold target on the stock. Shares of Darden were relatively flat on Friday, trading just below $51 per share.
And Wells Fargo downgraded shares of IAC/InterActiveCorp (NASDAQ:IACI) from outperform to market perform as the search segment of the business remains weak. Shares of IAC/InterActiveCorp were lower on the news, falling 1.7% today.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.