Darling Ingredients price target lowered to $57 from $73 at Scotiabank

Scotiabank analyst Paul Cheng lowered the firm’s price target on Darling Ingredients to $57 from $73 and keeps an Outperform rating on the shares. The target change reflects the firm’s newly published commodity price deck, in which it raised its near- and long-term oil price outlook, as well as valuations across multiple metrics, the analyst tells investors.