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DAR

Darling Ingredients

$18.04

-0.08 (-0.44%)

17:03
09/19/17
09/19
17:03
09/19/17
17:03

Darling expects $4.5M negative impact to Q3 EBITDA from fire incident

Darling Ingredients announced a temporary work stoppage due to a fire incident at its Rendac production plant on Wednesday afternoon, September 13 located in Son, The Netherlands. As a result of this fire, part of the production process at the Son facility is non-operational and is expected to be down for approximately 2 to 3 weeks. Until that time, substantially all tonnage will be diverted to other Company-owned assets. While in the long-term, the Company ultimately expects to largely recover its losses from property and business interruption insurance, in the near term the Company expects a negative impact to EBITDA of up to $4.5M in the Q3.

DAR Darling Ingredients
$18.04

-0.08 (-0.44%)

03/22/17
BARD
03/22/17
INITIATION
Target $19
BARD
Outperform
Darling Ingredients initiated with an Outperform at Baird
Baird analyst Ben Kallo initiated Darling with an Outperform and a $19 price target.
08/14/17
JPMS
08/14/17
NO CHANGE
Target $19
JPMS
Overweight
Darling Ingredients price target raised to $19 from $17 at JPMorgan
JPMorgan analyst Thomas Palmer raised his price target for Darling Ingredients to $19 following last week's Q2 results. The company's Diamond Green Diesel joint venture is beginning to demonstrate the long-term earnings ramp management has long spoke about, Palmer tells investors in a research note. The analyst reiterates an Overweight rating on the shares.

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