Darling Ingredients price target lowered to $118 from $120 at Stifel

Stifel analyst Derrick Whitfield lowered the firm’s price target on Darling Ingredients to $118 from $120 and keeps a Buy rating on the shares. Stifel is updating its estimates for reported quarterly results and updated guidance in the firm’s biofuels universe, the analyst tells investors. Based on the firm’s assessment of the California LCFS market and its evaluation on the most recent RIN generation report, Stifel is “increasingly constructive” on the macro backdrop for RNG.