UPDATE: Deutsche Bank Raises Target to $8 on Amyris

Deutsche Bank raises its price target on Hold-rated Amyris AMRS to $8, up $1, as it believes quarterly results aren't the only factor in share price performance. Deutsche Bank says, "Large scale fermentation scale-up risk is the primary issue with the shares, and on this front, although expectations were really low going into the earnings call, we note that the recent round of financing is certainly an incremental positive as it allows the company to focus on execution. That said, we acknowledge that this is still a show me story and progress on key quarterly milestones would be critical for positive share price performance. Maintain Hold, $8 price target." AMRS closed at $6 on Monday.