Loading...
Loading...
J.P. Morgan is initiating coverage of Amyris, Inc.
AMRS with a Neutral rating.
“Amyris is an early-stage, next-generation chemical company,” J.P. Morgan writes. “Its technology is rooted in its expertise to genetically modify yeast strains to produce chemical molecules from renewable sugars.”
Commercialization of Amyris' farnesene molecule is to begin in 2011 through the use of contract manufacturers; J.P. Morgan forecasts the company will be unprofitable through 2012.
Amyris closed Friday at $17.30.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in