NEW YORK (TheStreet) -- Shares of Darden Restaurants (DRI) - Get Reportare down 0.78% to $61.98 in afternoon trading Wednesday after Credit Suisse initiated coverage with a "neutral" rating and a $62 price target. 

"Darden Restaurants is beginning to execute a wide-reaching turnaround, led by a new board of directors," analysts said, adding that the company only recently hired a permanent CEO, Gene Lee.

Credit Suisse noted that the restaurant company offers several enticing strategic and structural opportunities in the areas of core operations, costs, real estate, and business segmentation.  

"We have attempted to put some value around these opportunities.  Unfortunately, some of the arbitrage/optionality around these initiatives seems largely priced in," the firm said in their analysis. 

Credit Suisse commented that some risks to their call on the stock include the possibility that Darden generates higher value from strategic initiatives than originally contemplated.  

"The numerous moving parts in the model and potential timing and tax issues make it difficult to accurately model potential outcomes," analysts said, adding that Darden's casual dining brands also have significant leverage to macro conditions. 

Separately, TheStreet Ratings team rates DARDEN RESTAURANTS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate DARDEN RESTAURANTS INC (DRI) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and poor profit margins."

You can view the full analysis from the report here: DRI Ratings Report