Analysts cautious on new Darden board's plans

Analysts cautious on new Darden board's plans

Restaurant industry watchers are expressing conern over leadership changes and real estate plans.

Restaurant analysts reacted cautiously to Friday’s ouster of Darden’s entire 12-member board by activist investor Starboard Value L.P.’s slate of directors.

In notes issued Friday and over the weekend, following Darden’s annual shareholder vote, analysts expressed concern on what the new board would address first in Starboard’s 294-page “Transforming Darden Restaurants” report released in September, and shareholders’ general dissatisf

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