Jefferies analyst Dushyant Ailani lowered the firm’s price target on Darling Ingredients to $47 from $53 and keeps a Buy rating on the shares. Management reiterated its full year guidance and set the tone for a constructive 2025, driving the stock higher, the analyst tells investors in a research note. The firm added that it remains constructive on the name longer term, and that its price target is lower due to a lower multiple.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DAR:
- Darling Ingredients Inc. Reports Second Quarter 2024 Results
- DAR Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Darling Ingredients price target lowered to $45 from $57 at Scotiabank
- Darling Ingredients price target lowered to $45 from $51 at TD Cowen
- AMD initiated, Paramount downgraded: Wall Street’s top analyst calls