Evogene and Marrone Bio Innovations Disclose Positive Results in Insect Control Collaboration

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Go back to Evogene and Marrone Bio Innovations Disclose Positive Results in Insect Control Collaboration

Jefferies Cuts Price Target on Marine Bio (MBII) Following a Light 1Q

May 17, 2016 8:11 AM EDT

Jefferies maintained a Hold rating on Marrone Bio Innovations (NASDAQ: MBII), and cut the price target to $0.75 (from $1.00), following the company's 1Q earnings report. MBII reported a loss of $0.38, $0.13 worse than consensus. Sales rose 30%, with a 79% increase in product shipments.

Analyst Laurence... More