Goldman Sachs Starts Ceres (CERE) at Neutral

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Goldman Sachs initiates coverage on recent IPO Ceres (NASDAQ: CERE) with a Neutral rating and $15 price target, suggesting 6% downside.

The firm views the company's leading position in sweet sorghum as a compelling growth opportunity. However, near term their view is balanced by the significant timing risk related to the adoption curve for sweet sorghum.

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

Shares of Ceres closed at $15.99 yesterday, with a 52 week range of $12.86-$18.70.

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