Stephens & Co. Maintains Equal-Weight on Darling Ingredients, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Ben Bienvenu has maintained an Equal-Weight rating on Darling Ingredients (NYSE:DAR) but has reduced the price target from $55 to $50.
January 24, 2024 | 8:39 pm
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NEGATIVE IMPACT
Darling Ingredients' stock may experience a negative impact due to the lowered price target from $55 to $50 by Stephens & Co., despite maintaining an Equal-Weight rating.
A lowered price target can often be interpreted by the market as a sign that the stock's future performance may not be as strong as previously expected. Although the rating remains unchanged, the reduction in the price target could lead to a negative perception among investors, potentially causing a short-term decline in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90