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Actionable news in DRI: DARDEN RESTAURANTS Inc,

Darden Restaurants (DRI) Stock Upgraded at Piper Jaffrey

NEW YORK (TheStreet) -- Shares of Darden Restaurants (DRI) are up 1.9% to $64.48 on Tuesday morning as the stock was upgraded to "outperform" from "neutral" and its price target increased to $78 from $67 at Piper Jaffrey.

"We are now confident in this restaurant operating model given the fully formed management team and expect consistency in leadership to drive sustainable 'outperformance' of the Darden brands," Piper Jaffrey analysts said in an investor note.

In addition, Darden's focus on "everyday value and customization" continues to perform well at the company's restaurants, the firm...