Raymond James lowered the firm’s price target on Darling Ingredients (DAR) to $60 from $65 and keeps a Strong Buy rating on the shares. Darling Ingredients’ legacy business lines provide long-term advantages for its sustainable fuels business, driving meaningful integration value over time, despite a tough macro backdrop, the analyst tells investors in a research note. The firm expects a recovery in the business and trading multiple into the second half of 2025.
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