TD Cowen lowered the firm’s price target on Darling Ingredients (DAR) to $34 from $37 and keeps a Hold rating on the shares. The firm said the company maintained FY25 EBITDA guide despite a 1Q25 miss, implying runrate EBITDA nearly double 1Q levels. Cowen does not expect the market to give the company the benefit of doubt on guide given limited transparency on the 1Q miss and an inconsistent track record on guidance.
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Read More on DAR:
- Bullish Outlook for Darling Ingredients: Policy Changes and Growth Catalysts Drive Buy Rating
- Darling Ingredients Reports Q1 2025 Financial Results
- Hold Rating for Darling Ingredients Amid Earnings Shortfall and Regulatory Uncertainty
- Darling Ingredients reports Q1 GAAP EPS (16c), consensus 16c
- Darling Ingredients backs FY25 combined adjusted EBITDA view $1.25B-$1.3B
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