NEW YORK (TheStreet) -- Shares of Darden Restaurants (DRI - Get Report) are moving higher after CEO Clarence Otis announced he will step down from his position.
On March 26th, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said that if Otis did indeed step down, the stock would move higher.
He stuck to that call on CNBC's"Cramer's Mad Dash" segment, arguing that shares could now move toward $50.
The Red Lobster spinoff is also complete, and the company can focus on improving the Olive Garden brand.
"Don't rule anything out," Cramer said. Darden Restaurants can make a comeback, he added.
--- Written by Bret Kenwell in Petoskey, Mich.
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