Carbios: Stifel remains Buy, reduces its target

(CercleFinance.com) - Stifel maintains its Buy recommendation on Carbios shares, with a price target reduced from 19 to 13 euros.


This downward revision is explained by a 9 to 12-month delay in the construction of the Longlaville plant, due to difficulties in financing the investment", says the analyst.

Stifel also models a one-year delay in the launch of Carbios54 and the royalty-based revenue model.

The broker points out that Carbios will appoint a new CEO and that, in the meantime, co-founder Philippe Pouletty will act as interim CEO.

'The underlying technology remains promising, but the main objective is to find a financing solution that guarantees the necessary liquidity for Carbios54's operations and investments after 2025', concludes Stifel.

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