Carbios initiated with a Buy at Stifel

Stifel initiated coverage of Carbios (COOSF) with a Buy rating and EUR 19 price target The analyst believes the company’s financing should be secured in Q1, which offers “significant upside to the current share price.” Carbios is on the verge of commercializing its proprietary technology for biochemical PET recycling, the analyst tells investors in a research note.