Darling Ingredients price target lowered to $85 from $90 at Stifel

Stifel lowered the firm’s price target on Darling Ingredients to $85 from $90 and keeps a Buy rating on the shares. The firm is updating its estimates for Darling to include Q1 results, updated guidance, and strip commodity prices. While uncertainty remains with the macro environment, the firm’s outlook on the carbon credit markets and sector remains favorable for waste-based RD-SAF operators, the analyst tells investors.