Deutsche Bank Downgrades Amyris, Inc. (AMRS) to Hold; Mgmt Removed Guidance, Pushes Out Construction Plans
AMRS Hot Sheet
Rating Summary:2 Buy, 8 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Deutsche Bank downgraded Amyris, Inc. (NASDAQ: AMRS) from Buy to Hold, price target lowered to $9.00.
Deutsche analyst says, "Amyris held a business update call where management removed 2012 guidance, pushed out construction plans and announced a capital raise. Given the reduced visibility into production volumes and timing of profitability, we are reducing our rating to hold and reducing our price target to our downside case of $9 as we are taking a wait-and-see approach to the company’s ability to execute on yet to be defined milestones. The company will report earnings on the evening of February 27th where management will outline 2012 goals."
For an analyst ratings summary and ratings history on Amyris, Inc. click here. For more ratings news on Amyris, Inc. click here.
Shares of Amyris, Inc. closed at $9.73 yesterday, with a 52 week range of $8.77-$33.85.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
Deutsche analyst says, "Amyris held a business update call where management removed 2012 guidance, pushed out construction plans and announced a capital raise. Given the reduced visibility into production volumes and timing of profitability, we are reducing our rating to hold and reducing our price target to our downside case of $9 as we are taking a wait-and-see approach to the company’s ability to execute on yet to be defined milestones. The company will report earnings on the evening of February 27th where management will outline 2012 goals."
For an analyst ratings summary and ratings history on Amyris, Inc. click here. For more ratings news on Amyris, Inc. click here.
Shares of Amyris, Inc. closed at $9.73 yesterday, with a 52 week range of $8.77-$33.85.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- UPDATE: UBS Downgrades Wisconsin Energy (WEC) to Neutral; Taking Some Off The Table
- UPDATE: Lowe's (LOW) Beats Q1 Views Amid Lagging Seasonal Demand; Issues Light FY12 Earnings Outlook
- Unusual 11 Mid-Day Movers 05/22: (GENE) (BNHN) (CCIH) Higher; (HGT) (PCX) (FNBN) Lower
Create E-mail Alert Related Categories
DowngradesRelated Entities
Deutsche Bank, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
