Scotiabank Maintains Sector Outperform on Darling Ingredients, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng maintains a Sector Outperform rating on Darling Ingredients (NYSE:DAR) but lowers the price target from $73 to $57.

April 11, 2024 | 7:03 pm
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NEUTRAL IMPACT
Scotiabank maintains a Sector Outperform rating on Darling Ingredients but lowers the price target from $73 to $57.
While the maintenance of a Sector Outperform rating by Scotiabank indicates a positive outlook on Darling Ingredients, the reduction in the price target from $73 to $57 could signal a tempered expectation for the stock's short-term performance. This adjustment reflects a nuanced view on the company's valuation, potentially due to revised earnings expectations or market conditions. Investors might see this as a mixed signal, balancing continued confidence in the company's sector performance against a more conservative valuation estimate.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100