03:52 PM EDT, 03/11/2024 (MT Newswires) -- Darden Restaurants ( DRI ) stock is positioned well for further upside, supported by the company's market share gains, cost management and compelling shareholder return outlook, UBS said in a report Monday, ahead of its fiscal Q3 results March 21.

"We believe [Darden Restaurants ( DRI )] maintained market share gains across key concepts, with support from everyday value, operational execution, and marketing. We expect [Darden Restaurants' ( DRI )] brands remain well positioned given above-average resiliency, strength in execution/service, solid everyday value, and select value/promo levers if needed," UBS said.

The firm said the stock remains attractive at about 18% its earnings per share estimate for fiscal 2025 given long-term total shareholder returns of 10% to 15%.

UBS has a buy rating on the stock with a price target of $188.

Price: 172.51, Change: +0.93, Percent Change: +0.54