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Actionable news in DRI: DARDEN RESTAURANTS Inc,

Darden Restaurants (DRI) Stock Up, Coverage Initiated with 'Buy' Rating at Canaccord

NEW YORK (TheStreet) -- Shares of Darden Restaurants (DRI) were increasing in early morning trading on Tuesday as Canaccord initiated coverage of the stock with a "buy" rating.

The firm has a $74 price target on shares of the Orlando-based restaurant company.

Canaccord said it anticipates risk-adjusted total return outperformance over the long term compared to its competitors and the broad market.

Darden's "buy" rating stems from the company's operations-focused management team, a diversified portfolio of brands, continued market share gains from menu innovation and strong free cash flows.

The company's free...