Piper Sandler analyst Ryan Todd lowered the firm’s price target on Darling Ingredients to $93 from $95 and keeps an Overweight rating on the shares. The analyst updated estimates based on a combination of mark to market on Q2 commodity pricing, as well as adjustments to operating assumptions. The firm believes softer fat prices will be an overall net positive for the company in the quarter as Diamond Green Diesel feedstock sourcing and flexibility will allow it to run large quantities of cheap fats.
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