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Jefferies Lifts Target on Solazyme (SZYM) on Q3 'Beat'

November 15, 2012 8:23 AM EST Send to a Friend
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Price: $9.38 --0%

Rating Summary:
    9 Buy, 2 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Jefferies boosted its price target on Buy-rated Solazyme (NASDAQ: SZYM) from $22 to $23 following Q3 EPS that beat by 6 cents.

The firm comments, "The current projects remain on track, but the real milestones were Bunge expanding its plans even before Moema starts, a new agreement with ADM, another tailored food oil and a test marketing program for Soladiesel. The focus now shifts to winning downstream partnerships."

Q4 EPS goes down from ($0.35) to ($0.40).

For an analyst ratings summary and ratings history on Solazyme click here. For more ratings news on Solazyme click here.

Shares of Solazyme closed at $7.09 yesterday.




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