Baird analyst Ben Kallo lowered the firm’s price target on Darling Ingredients to $106 from $108 and keeps an Outperform rating on the shares. The analyst designated Darling as a bearish Fresh Pick as he continues to like the company/stock in the long-term but think Q123 results likely will miss current street estimates due to several factors including continued acquisitions costs, ramp costs at DGD 3, and softness in some products sold from the Feed Segment.
Published first on TheFly
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