Canaccord Genuity Starts Solazyme (SZYM) at Buy; All About The Algae
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Price: $12.04 +3.35%
Rating Summary:
11 Buy, 0 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
11 Buy, 0 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade SZYM Now!
Canaccord Genuity initiates coverage on Solazyme (NASDAQ: SZYM) with a Buy. PT $19.00.
Analyst, John Quealy, said, "We believe the company’s unique technology platform and end-product diversity position it well to continue to be a leader in the attractive renewable oil and chemicals marketplace."
"The proprietary platform promises to deliver tailored oils with applications in large and attractive markets (totaling >$1.5 trillion) such as fuels & chemicals, nutritionals and skin & personal care. Over $85M has been invested in R&D from inception, with over 10 partnerships already yielding four capital projects in various stages."
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 $11.25 yesterday, with a 52 week range of $7.68-$27.47.
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Analyst, John Quealy, said, "We believe the company’s unique technology platform and end-product diversity position it well to continue to be a leader in the attractive renewable oil and chemicals marketplace."
"The proprietary platform promises to deliver tailored oils with applications in large and attractive markets (totaling >$1.5 trillion) such as fuels & chemicals, nutritionals and skin & personal care. Over $85M has been invested in R&D from inception, with over 10 partnerships already yielding four capital projects in various stages."
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 $11.25 yesterday, with a 52 week range of $7.68-$27.47.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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