BMO Capital Maintains Outperform on Darling Ingredients, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Andrew Strelzik has maintained an Outperform rating on Darling Ingredients (NYSE:DAR) but has reduced the price target from $65 to $60.
January 26, 2024 | 2:14 pm
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NEUTRAL IMPACT
Darling Ingredients' stock rating remains Outperform by BMO Capital, but the price target has been lowered from $65 to $60, indicating potential for growth but with moderated expectations.
While the Outperform rating suggests that BMO Capital still sees Darling Ingredients as a good investment, the reduction in the price target may reflect a change in the expected future performance or market conditions. This could lead to a neutral short-term impact on the stock as investors digest the news. The confidence level is high due to the clear action by a reputable analyst firm, but not at 100 because market reaction can be unpredictable.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100