Darling Ingredients price target lowered to $44 from $46 at Citi

Citi lowered the firm’s price target on Darling Ingredients (DAR) to $44 from $46 and keeps a Buy rating on the shares ahead of the Q4 report on February 6. The firm thinks Darling’s Q4 EBITDA could come in below consensus and the company’s implied guidance. However, Citi does not expect a Q4 earnings miss or a reduced 2025 outlook to be a surprise, and sees “plenty of potential upward earnings drivers” in the coming year, especially pending biofuels legislation. The analyst is just not confident that the Q4 earnings will present a positive catalyst for the shares.