Darling Ingredients price target raised to $72 from $58 at TD Cowen

TD Cowen analyst Jason Gabelman raised the firm’s price target on Darling Ingredients (DAR) to $72 from $58 and keeps a Buy rating on the shares. The firm previewed Q1 results where they see EBITDA inline with consensus and Q2 slightly below. However, the recently finalized 2026-27 Renewable Volume Obligation is supportive; it will require a RIN price that incentivizes all US biomass based distillate capacity and foreign feedstock, which implies a $1/gal advantage for DGD.