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On Tuesday, retail investors did not take their usual contrarian stance to Wall Street’s bearish takes on stocks like Under Armor, American Airlines and Darden Restaurants. Brand momentum and lack of tangible sales drivers are among the driving forces behind the host of consumer-related downgrades and price target reductions by these well-known brokerages. Let’s take a detailed look.1. Under Armour: Morgan Stanley has reportedly downgraded the shares of the sportswear company to ‘Underweight’ from ‘Equal Weight’ while reducing the price target to $4 from $8. The firm noted in a research note that Under Armour’s brand momentum ranking was "notably worse" in popularity, loyalty, and change in past 12 months spending. This resulted in an aggregate ranking that stood below its competitors, it noted. Following the downgrade, retail sentiment has dipped further into bearish territory (25/100) supported by high message volumes. Notably, the shares have lost over 75% of their value over 5 years.<figure class="image"><img style="aspect-ratio:791/221;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_23_at_12_20_50_PM_8a74c3007b.png" alt="Retail sentiment sours for Under Armour after Morgan Stanley downgrade" width="791" height="221"><figcaption>Retail sentiment sours for Under Armour stock after Morgan Stanley downgrade</figcaption></figure>2. American Airlines: Bernstein has reportedly downgraded American Airlines to ‘Market Perform’ from ‘Outperform’ and has reduced the price target to $12 from $18 earlier. Bernstein believes commercial missteps may limit the airline’s participation in the second half of 2024 pricing up cycle. The airline is scheduled to report its earnings on Thursday. During the first quarter, the airline reported a record revenue of $12.60 billion but registered a net loss of $312 million. The firm had earlier guided that it expects to earn between $1.15 and $1.45 per share during the second quarter. Following the downgrade, retail sentiment is trending in bearish territory (31/100) supported by high message volume.3. Darden Restaurants: TD Cowen has reportedly downgraded Darden Restaurants to ‘Hold’ from ‘Buy’ and has reduced the price target on the stock to $150 from an earlier target of $170. The firm believes that a lack of tangible sales drivers in a tough full-service industry environment puts forward greater risks than tailwinds to the restaurant operator’s fiscal 2025 guidance for 1%-2% portfolio same store sales. Shares of the company have lost over 13% since the beginning of the year. Retail investors aren’t enthusiastic on the stock with the sentiment meter trending in bearish territory (38/100) supported by high message volumes.<figure class="image"><img style="aspect-ratio:803/232;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_23_at_12_22_07_PM_402824d74f.png" alt="Retail sentiment trends in the bearish zone for Darden Restaurants following TD Cowen downgrade" width="803" height="232"><figcaption>Retail sentiment trends in the bearish zone for Darden Restaurants following TD Cowen downgrade</figcaption></figure>

Under Armour, American Airlines, Darden Restaurants: Retail Investors Refrain From Contradicting Wall Street On These Downgrades

Under Armour, American Airlines, Darden Restaurants stocks - Retail Investors Refrain From Contradicting Wall Street On These Downgrades.

Under Armour, American Airlines, Darden Restaurants Downgrades

Equity

Retail sentiment has soured on Stocktwits after Wall Street analysts downgraded several key stocks. Morgan Stanley downgraded shares of Under Armour to ‘Underweight,’ Bernstein downshifted American Airlines to ‘Market Perform,’ and TD Cowen moved Darden from ‘Buy’ to ‘Hold.’

CHUYS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Chuys Holdings, Inc. - CHUY

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (KSF) are investigating the proposed sale of Chuys Holdings, Inc. (NasdaqGS: CHUY) to Darden...

Darden Restaurants Pays a Big Premium To Buy Chuy's Tex-Mex Restaurant Chain

Darden Restaurants Pays a Big Premium To Buy Chuy's Tex-Mex Restaurant Chain...

Futures Rebound After Tech Rout Thanks To Strong TSMC Results

Futures Rebound After Tech Rout Thanks To Strong TSMC Results

 Futures are higher, rebounding from Wednesday's tech-fueled rout. At 7:40am, S&P futures are up 0.1% and off session highs...

Chuy's Holdings Stock Soars On Darden Takeover Deal: What You Need To Know

Chuy's Holdings shares are popping in Wednesday's after-hours session after the company and Darden Restaurants jointly announced that Darden will acquire Chuy's Holdings.
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Darden Restaurants to acquire Chuy's for approximately $605 million

Darden agreed to acquire all outstanding shares of Chuy's At $37.50 per share, according to a press release...

Darden Restaurants to Acquire Chuy's Holdings, Inc. in Approximately $605 Million Transaction

Darden Restaurants to Acquire Chuy's Holdings, Inc. in Approximately $605 Million Transaction Darden Restaurants to Acquire Chuy's Holdings, Inc. in Approximately $605 Million Transaction PR Newswire...

Assessing Darden Restaurants: Insights From 24 Financial Analysts

Latest Ratings for DRI
 DateFirmActionFromTo Dec 2021StifelUpgradesHoldBuy Dec 2021Stephens & Co.MaintainsOverweight Dec 2021MKM PartnersMaintainsBuy
 View More Analyst Ratings for DRI...

Top Wall Street analysts favor these dividend stocks for better returns

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Darden Restaurants and Citigroup...

Why Business Is Booming for Steakhouses Like LongHorn and Texas Roadhouse

Lori Van Buren / Albany Times Union via Getty Images

 Key TakeawaysConsumers have pulled back on many areas of discretionary spending, but steakhouse chains have managed to keep thriving.LongHorn...

Darden Restaurants, Inc. is a full-service restaurant company, which engages in the provision of restaurant services. It operates through the following segments: Olive Garden, LongHorn Steakhouse, Fine Dining, and Other Business. The Olive Garden segment is the largest full-service dining Italian restaurant operator. The LongHorn Steakhouse segment includes the results of the company-owned LongHorn Steakhouse restaurants. The Fine Dining segment consists of the premium brands that operate within the fine-dining sub-segment of full-service dining and includes the results of its company-owned The Capital Grille and Eddie V's restaurants. The Other Business segment aggregates the remaining brands and includes the results of its company-owned Cheddar's Scratch Kitchen, Yard House, Seasons 52 and Bahama Breeze restaurants, and from franchises and consumer-packaged goods sales. The company was founded by William B. Darden in 1938 and is headquartered in Orlando, FL.

Volume	1.19M
52-Wk High	$176.84
52-Wk Low	$133.36

DRI Darden Restaurants, Inc.

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