Deutsche Bank Downgrades Amyris, Inc. (AMRS) to Hold; Mgmt Removed Guidance, Pushes Out Construction Plans
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Price: $9,454.42 --0%
Rating Summary:
4 Buy, 10 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 10 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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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.
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.
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