tiprankstipranks
Darling Ingredients target raised to $115, added to ‘Select List’ at Stifel
The Fly

Darling Ingredients target raised to $115, added to ‘Select List’ at Stifel

Stifel analyst Derrick Whitfield raised the firm’s price target on Darling Ingredients (DAR) to $115 from $113 and keeps a Buy rating on the shares after updating the firm’s commodity estimates to reflect strip prices through 2024 in preparation for the upcoming Q4 earnings season. The firm is also elevating Darling to "Select List status" as it believes the stock’s earnings revisions are now behind it and expects the core rendering business to bounce back in Q4 while management will communicate the advancement of core rendering, SAF, and biogas investments to position the company for greater success in 2024 and 2025. Despite what Stifel views as "an advantaged business model," Darling currently trades at a discount to its closest peers Calumet Specialty Products (CLMT) and Neste (NTOIY), the firm added.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on DAR:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles