Darden Restaurants Inc (NYSE:DRI), Olive Garden’s owner, got a price target boost from Jefferies analysts, who have renewed confidence in the company’s ability to increase traffic at its flagship restaurant.
The analysts upped their price target to $210 from $165. Shares traded hands little changed at $217 on Friday afternoon.
McDonald's Corp (NYSE:MCD, ETR:MDO) presents a compelling buying opportunity on recent share weakness, analysts at Jefferies believe, citing near-term same-store sales acceleration and medium-term unit growth.
The analysts maintained their price target of $360 on ‘Buy’-rated McDonald’s, implying upside of 19% from Thursday’s closing price of about $303.
Peel Hunt has described the recent weakness in Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) shares as a “compelling buying opportunity”, arguing that the stock’s fall is unwarranted.
The drop followed a Reuters report suggesting potential US tax penalties for UK-headquartered energy companies.
Shares in Challenger Energy Group PLC (AIM:CEG, OTCQB:BSHPF) rose 9% after Stifel reaffirmed its 'buy' rating and 50p target price following the company’s full-year results.
Cash levels came in broadly in line with expectations, reinforcing the view that Challenger remains fully funded for its upcoming work programmes.
Gold prices have stabilized in recent weeks after notching a record high of $3,500 an ounce in April, but UBS believes the consolidation may lay the groundwork for another move higher.
The pause follows a stretch of mixed US economic data, shifting expectations for Federal Reserve policy, and renewed uncertainty around global trade. Despite market volatility, gold continues to stand out as a portfolio diversifier amid elevated macroeconomic risks. UBS said that seasonal trading conditions, marked by lower summer liquidity, could amplify any renewed upward momentum.
RH (NYSE:RH) shares surged almost 20% premarket after the luxury furniture store’s first quarter earnings impressed investors and it reaffirmed its full-year outlook despite challenges in the housing market and tariff uncertainty.
The company posted earnings per share of $0.13 for the quarter, an improvement from a loss per share of $0.40 and significantly beating estimates of a loss per share of $0.07.