Rodman & Renshaw Upgrades Origin Agritech (SEED) to Market Outperform

November 23, 2009 10:34 AM EST

Rodman & Renshaw upgrades Origin Agritech (Nasdaq: SEED) from Market Perform to Market Outperform with a $15 price target following news the company received the Bio-safety Certificate from the Ministry of Agriculture as a final approval for commercial approval of the world's first genetically modified phytase corn.

Shares of SEED are up 60% today on the news.


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