Canaccord Genuity Maintains a 'Hold' on Darling International (DAR); Q1 Preview: Commodity Tailwind Outweighs Weather

May 12, 2011 10:56 AM EDT
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Price: $65.74 -3.1%

Rating Summary:
    22 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Hold' on Darling International (NYSE: DAR), PT $15.

Canaccord analyst says, "Darling is scheduled to release Q1 results on Thursday, May 12 after the close, with a conference call to follow on Friday at 10am ET. For Q1, we model sales/EPS of $376.0M/$0.29 vs. consensus of $367.6M/$0.29."

"We maintain our rating as we look for better visibility on Griffin accretion potential along with refined timing expectations and plant economics associated with the green diesel JV. That said, strong commodity fundamentals and a full quarter of Griffin should help accelerate momentum nicely."

For more ratings news on Darling International click here and for the rating history of Darling International click here.

Shares of Darling International closed at $15.67 yesterday.


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