Rodman & Renshaw believes the settlement agreement entered into between Gevo and Butamax not only removes the overhang and uncertainty that was hampering Gevo's marketing efforts for bio-based isobutanol, but also immediately frees up litigation dollars that can be used for better purposes. The firm reiterates its Buy rating and $5 price target on Gevo shares.
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here