UPDATE: Canaccord Genuity Upgrades Darling International Following Rothsay Acquisition
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
|Mar 2017||Baird||Initiates Coverage On||Outperform|
|Aug 2016||JP Morgan||Maintains||Overweight|
|Jun 2016||Goldman Sachs||Upgrades||Neutral||Buy|
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