TD Cowen lowered the firm’s price target on Darling Ingredients to $45 from $51 and keeps a Hold rating on the shares. The analyst sees lower unit margins at Diamond Green Diesel with feed ingredients hurt by flooding in Brazil and seasonal volume patterns. The firm cut its Q2 EBITDA estimate for Darling by $112M to $287M. Darling Ingredients shares are down 4% to $35.15 in morning trading.
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