Goldman Sachs is increasingly concerned that a “late harvest coupled with an already tight inventory situation could lead to a true scarcity dynamic in August and September as old crop corn runs out and the new crop is slow to mature.”
“Darling International Inc. DAR is best positioned to benefit from this scenario as their commodity by-products are substitutes for corn,” Goldman Sachs writes.
Darling International closed Monday at $18.02.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in