TD Cowen Downgrades Danimer Scientific (DNMR) to Hold

TD Cowen analyst Thomas Boyes downgraded Danimer Scientific (NYSE: DNMR) from Buy to Hold with a price target of $1.00 (from $2.00).

The analyst comments "Downgrading DNMR to Hold, following our expectation for a more moderate ramp up at the Kentucky facility through 2025 and into 2026. We remain positive on Danimer's underlying technology and are constructive on the recent cost savings initiatives. We see the stock as relatively range-bound ahead of a more marked acceleration of the business in FY26."

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

Shares of Danimer Scientific closed at $0.41 yesterday.

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