UBS Maintains a 'Buy' on KiOR, Inc. (KIOR); Adjusting Numbers on Lower Depreciation on Extended Build Out

UBS maintains a 'Buy' on KiOR, Inc. (NASDAQ: KIOR) price target lowered from $25 to $22.

Analyst, Mahavir Sanghavi, said, "We are adjusting our 2012 and 2013 EPS to ($0.92) and ($1.12) from (1.02) and ($1.42) to reflect lower depreciation expense. We lower our estimates in the outer years (beyond 2014) to reflect a slight push-out of the build-out schedule of the full scale plant #3 and full scale plant #4 than our earlier estimate."

For an analyst ratings summary and ratings history on KiOR, Inc. click here. For more ratings news on KiOR, Inc. click here.

Shares of KiOR, Inc. closed at $12.46 yesterday.

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