Baird analyst Ben Kallo lowered the firm’s price target on Darling Ingredients to $65 from $80 and keeps an Outperform rating on the shares. The firm noted the company announced lower EBITDA guidance for 2023. DAR reduced its full-year 2023 outlook due to downtime and a fire at its DGD 2 facility as well as a sizeable hedge loss in Q3.
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Read More on DAR:
- Darling Ingredients cuts FY23 combined adjusted EBITDA view to $1.6B-$1.7B
- Darling Ingredients price target lowered to $70 from $85 at BMO Capital
- Darling Ingredients downgraded to Hold from Buy at TPH&Co.
- Darling Ingredients price target lowered to $89 from $97 at Piper Sandler
- Darling Ingredients price target lowered to $81 from $85 at Jefferies