Market Overview

UPDATE: Goldman Sachs Reiterates Neutral Rating, Lowers PT on KiOR

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

In a report published Wednesday, the Goldman Sachs Group reiterated its Neutral rating on KiOR (NASDAQ: KIOR), and slightly lowered its price target from $9.00 to $8.00.

Goldman Sachs noted, “We remain Neutral on KIOR shares pending (1) visibility into the timing and cost of future capital requirements, and (2) clarity on sustainable production economics as Columbus moves beyond the start-up phase. With ground-breaking on Natchez expected in early 2013, we continue to model a $250mn follow-on equity offering in 1H13, with a corresponding debt raise likely – albeit current visibility on both remain limited.”

KiOR closed on Tuesday at $6.86.

Latest Ratings for KIOR

Apr 2014Credit SuisseDowngradesOutperformNeutral
Mar 2014PiperJaffrayDowngradesOverweightNeutral
Jan 2014Cowen & Co.DowngradesMarket PerformOutperform

View More Analyst Ratings for KIOR
View the Latest Analyst Ratings

Posted-In: Goldman Sachs GroupAnalyst Color Price Target Analyst Ratings


Related Articles (KIOR)

View Comments and Join the Discussion!