Darling Ingredients price target lowered to $46 from $49 at Citi

Citi lowered the firm’s price target on Darling Ingredients to $46 from $49 and keeps a Neutral rating on the shares post the Q4 report. The analyst says the current margin environment is challenging as fat and protein prices are in year-over-year decline. However, the firm sees reasons for optimism, noting the growing U.S. renewable diesel industry could soon drive feedstock prices higher.