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Darling Ingredients price target lowered to $34 from $37 at TD Cowen

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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