Darling Ingredients ( NYSE: DAR ) on Monday was rated as a Buy in an initiation report by Stifel. The investment bank set a price target of $101 a share for Darling, which converts food waste into sustainable products and renewable energy.
“We believe the company's 50/50 ownership of Diamond Green Diesel, the largest bio-refinery operation in the U.S., represents a best-in-class business model,” Derrick Whitfield, analyst at Stifel, said in a research note.
Darling also has an opportunity to meet growing demand for collagen peptides, a form of protein found in some beauty products and health supplements, according to Stifel.
Darling slipped 0.3% to $77.76 in the first hour of trading in New York.
Seeking Alpha contributor Mare Evidence Lab has a Buy rating on Darling Ingredients ( DAR ) on the outlook for renewable diesel . Columnist The Value Investor rates Darling Ingredients ( DAR ) as a Hold on its valuation .
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Darling Ingredients initiated with Buy rating at Stifel