UPDATE: Deutsche Bank Reduces PT to $4 on Amyris; Limited NT Catalysts

Deutsche Bank reiterates its Hold rating on Amyris

and cuts its price target from $8 to $4. Deutsche Bank comments, "Although the company has been able to improve production stability/efficiency and has seen strong growth in renewable product sales, we see limited near term catalysts until the company demonstrates on track completion of Paraiso plant. Maintain Hold, lower price target to $4." AMRS closed at $2.53 on Tuesday.