The Latest Breaking News from Jon Tower

Starbucks Corp. (NASDAQ: SBUX) shares spiked more than 3% on Wednesday in tandem with the S&P 500, which was trading up about 0.8%.

Wedbush analyst Nick Setyan lowered the price target on Darden Restaurants Inc (NYSE:DRI) to $122 (3% upside) from $140 and kept a Neutral rating on the shares. The analyst noted that FY23 guidance is predicated on normalization in inflation trends in the second half and has lowered his FY23 EPS estimate to $7.60 from $8.41…

Analysts reduced their price target on Domino's Pizza Inc (NYSE:DPZ) after its Q1 earnings miss. RBC Capital analyst Christopher Carril lowered the price target to $440 from $480 (29% upside). Carril maintained an Outperform rating on the shares. The analyst specified that the delivery staffing challenges are the primary driver of weakness. Wedbush analyst Nick Setyan maintained…