JPMorgan analyst Thomas Palmer lowered the firm’s price target on Darling Ingredients to $82 from $84 and keeps an Overweight rating on the shares ahead of the Q1 report. The analyst cites recent pricing trends for the target drop. The firm is cautious on Darling ‘s nearer-term fundamentals but says much of this is reflected in the current share price. It sees multiple potential earnings and stock price drivers as 2023 progresses, noting fat and oil prices could rally in Q2 and beyond.
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