Jefferies raised the firm’s price target on Darling Ingredients (DAR) to $46 from $44 and keeps a Buy rating on the shares. The company offered “soft” 2025 guidance of $1.5B in EBITDA versus the consensus of $1.47B, the analyst tells investors in a research note. However, the firm sees a positive set up for Darling going into 2025 due to “multiple tailwinds,” including rising feedstock pricing and improving credit pricing.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DAR:
- Darling Ingredients reports Q3 GAAP EPS 11c, consensus 40c
- Darling Ingredients sees FY24 adjusted EBITDA $1.15B-$1.18B
- DAR Upcoming Earnings Report: What to Expect?
- Darling Ingredients announces agreement to bring SAF supply to Chicago Midway
- Darling Ingredients price target lowered to $48 from $50 at Piper Sandler