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Darling Ingredients price target raised to $92 from $88 at JPMorgan

JPMorgan analyst Thomas Palmer raised the firm’s price target on Darling Ingredients to $92 from $88 and keeps an Overweight rating on the shares ahead of the Q2 report. To reflect the improved commodity pricing environment and also the recent dip in biofuels margins, the firm increased its 2024 earnings per share estimate to $6.18 from $5.87.

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