Here's Why Darling Ingredients Dropped as Much as 10.7% Today
Shares of natural ingredients supplier Darling Ingredients (NYSE: DAR) fell nearly 11% Friday after analysts at JPMorgan Chase updated their opinion of the stock. The previous view from the firm was the shares were "overweight," which meant the analysts considered the stock to represent better value than average. The new view is that shares are "neutral," which means the analysts expect the stock to perform along with the average of all stocks in the S&P 500 index.
The update comes only two months after JPMorgan Chase reiterated its overweight rating on Darling Ingredients and set a $19 per share price target. As of 3:03 p.m. EDT, the stock had settled to a 9.2% loss.
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Source: Fool.com
Darling Intl Inc. Aktie
37,39 €
0,19 %
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