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UPDATE: Deutsche Bank Reiterates Buy Rating, Lowers PT on KiOR

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UPDATE: Kior Shares Rise 75% Premarket on News in Pact with KFT Truat on $25M Note Purchase

In a report published Friday, Deutsche Bank reiterated its Buy rating on KiOR (NASDAQ: KIOR), but lowered its price target from $16.00 to $13.00.

Deutsche Bank noted, “Overall Thoughts. Company reported EPS of ($0.26) vs. DB estimates of ($0.27), cons ($0.25). Kior has now commenced operations (recall that construction was completed on time and under budget earlier this year), expects to start shipments later this month and should recognize revenue in Q4. We expect successful financing and start of construction of Natchez (end of Q1'13) as next key catalysts for shares. Maintain Buy, adjust price target to $13.”

KiOR closed on Thursday at $7.66.

Latest Ratings for KIOR

DateFirmActionFromTo
Apr 2014Credit SuisseDowngradesOutperformNeutral
Mar 2014Piper JaffrayDowngradesOverweightNeutral
Jan 2014Cowen & CompanyDowngradesMarket PerformOutperform

View More Analyst Ratings for KIOR
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

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