Darden Restaurants' (NYSE:DRI) Longhorn Performance Outstanding

Darden Restaurants (NYSE:DRI) is being driven at this time by the outstanding SSS performance of LongHorn, although questions remain as to the sustainability of the SSS performances of Olive Garden and Red Lobster.

KeyBank said, "the outstanding SSS performance at LongHorn, the improving SSS momentum at both Olive Garden and Red Lobster throughout the quarter, continued strong, near-peak margin performance in the 2Q despite the miss in blended SSS, and continued out-performance at the Company's growth brand LongHorn," has encouraged them to maintain their rating on Darden and raise their price target on them as well.

KeyBanc maintains a "Buy" rating on Darden Restaurants, which closed Tuesday at $47.54, down $2.89, or 5.73 percent. KeyBanc raised their price target on them from $50 to $56.