TD Cowen Maintains Top Pick on Darling Ingredients (DAR)
TD Cowen analyst Jason Gabelman reiterated a Buy rating and $76.00 price target on Darling Ingredients (NYSE: DAR).
The analyst commented: "Margin Expansion Over Volume Growth in Strong Environment; THE TD COWEN INSIGHT DAR cash generation should enable debt falling below target by early 2027, in-line with forecast. It did not provide capital priorities once target is achieved, though is unlikely to do large scale M&A. The margin environment for its businesses are strong, while it introduced $150MM - $300MM upside from Feed margin expansion and estimated $80MM from Food not in our estimates. Maintain Top Pick."
For an analyst ratings summary and ratings history on Darling Ingredients click here. For more ratings news on Darling Ingredients click here.
Shares of Darling Ingredients closed at $63.82 yesterday.
