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UPDATE: Canaccord Genuity Upgrades Darling International Following Rothsay Acquisition

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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
Jul 2015BB&T CapitalInitiates Coverage onBuy
Jul 2015BB&T CapitalInitiates Coverage onBuy
May 2015Roth CapitalInitiates Coverage onBuy

View More Analyst Ratings for DAR
View the Latest Analyst Ratings

Posted-In: Canaccord Genuity John QuealyAnalyst Color Upgrades Analyst Ratings

 

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