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UPDATE: Canaccord Genuity Upgrades Darling International Following Rothsay Acquisition

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Events for the Week of Nov. 17-21, 2014
Darling Ingredients Q2 Revenue Up 136%

In a report published Monday, Canaccord Genuity analyst John Quealy upgraded the rating on Darling International (NYSE: DAR) from Hold to Buy, and raised the price target from $22.00 to $25.00.

In the report, Canaccord Genuity noted, “We are upgrading to BUY as the acquisition of Rothsay marks another key milestone in Darling's growth strategy, with the company deepening its footprint in No. America while improving supply-side visibility and further de-risking the story now with DGD operational. Management has pulled-off bigger deals with no issues (leverage still remains low) and we like the aggressive approach here.”

Darling International closed on Friday at $20.75.

Latest Ratings for DAR

DateFirmActionFromTo
Jan 2015Off Wall Street Initiates Coverage onLong-term Buy
Dec 2013BMO CapitalReinstatesOutperform
Dec 2013Avondale PartnersUpgradesMarket PerformMarket Outperform

View More Analyst Ratings for DAR
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Posted-In: Canaccord Genuity John QuealyAnalyst Color Upgrades Analyst Ratings

 

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