Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com - Darling Ingredients (NYSE:DAR) has been added to Raymond James’ Analyst Current Favorites list, replacing Energy Transfer (NYSE:ET), the investment firm announced Tuesday. Energy Transfer , which currently offers a substantial 7.67% dividend yield and has maintained dividend payments for 20 consecutive years, continues to demonstrate strong financial health with an overall "Good" rating according to InvestingPro analysis.
Raymond James cited Darling Ingredients’ legacy business lines in Feed and Food as providing long-term advantages for its sustainable fuels business, which the firm believes will drive meaningful integration value over time.
The investment firm highlighted the company’s joint venture Diamond Green Diesel (DGD), noting it maintains a robust footprint and first-mover advantage in the renewable diesel and sustainable aviation fuel space, despite near-term softer market conditions.
Raymond James also pointed to upcoming regulatory catalysts, including RVO finalization, SREs, and producer tax credits, which could further strengthen the company’s position, while its core upstream operations continue to generate steady cash flow.
The firm expects Darling Ingredients to experience a solid recovery in both earnings and trading multiple into year-end 2025 and beyond, stating that the business is currently at or near a trough for fundamentals and sentiment.
In other recent news, Sunoco LP and Parkland Corporation announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired for their pending acquisition deal. This regulatory milestone moves the transaction closer to completion, with an expected closing in the fourth quarter of 2025, pending further approvals. Sunoco has been actively raising funds for this acquisition, pricing an upsized private offering of senior notes totaling $1.9 billion. The offering includes $1 billion in 5.625% senior notes due 2031 and $900 million in 5.875% senior notes due 2034. Additionally, Sunoco launched a $1 billion preferred units offering, alongside a $1.7 billion senior notes offering, to finance the Parkland acquisition. The proceeds from these offerings are intended to temporarily reduce borrowings under Sunoco’s revolving credit facility until the acquisition closes. Meanwhile, Scotiabank initiated coverage on Energy Transfer with a Sector Outperform rating, highlighting the company’s extensive asset base.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.