BofA Securities Initiates Darling Ingredients With Buy Rating, $45 Target

BofA Securities initiated coverage on Darling Ingredients Inc. (NYSE: DAR) with a Buy rating and a price target of $45.00, implying roughly 40% upside. The firm described Darling as a vertically integrated producer of biofuels, biofuel feedstocks, and food ingredients, and said the company was well positioned to benefit from recent U.S. policy changes supporting renewable diesel and biodiesel demand. Analysts noted that rising Renewable Identification Numbers (RIN) prices could act as a tailwind for Darling ...