Canaccord Genuity Maintains a 'Hold' on Darling International (DAR); Street Assumes Diamond Green Diesel Launch

Canaccord Genuity maintains a 'Hold' on Darling International (NYSE: DAR) price target of $16.00.

Analyst, John Quealy, said, "We maintain our HOLD rating, as Street expectations begin to fully assume a successful launch of the Diamond Green Diesel plant in H1/13. While the current corn rally should be favorable as lagging prices catch up, we find risk/reward balanced into late ’12. Next catalyst comes with first-ever investor day/plant tour Sept. 12 in NYC/Newark."

"Our 2012 revenue/EPS estimates go to $1.67B/$1.18 from $1.67B/$1.25, while 2013 estimates go to $1.73B/$1.37 from $1.71B/$1.43 (excluding any Diamond Green Diesel contribution)."

For an analyst ratings summary and ratings history on Darling International click here. For more ratings news on Darling International click here.

Shares of Darling International closed at $16.89 yesterday.

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