Jefferies lowered the firm’s price target on Darling Ingredients to $44 from $47 and keeps a Buy rating on the shares. The firm expects Darling to miss on Q3 and to lower FY24 guidance as well as share some initial thoughts on FY25, the analyst tells investors in a preview. Given this view, the firm expects the stock to stay under pressure near term, but looks for a level set after Q3 earnings, the analyst added.
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