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02DIESEL CORP : objectif de cour réduit pour dutton :

18 mars 200809:26

O2Diesel "speculative buy," target price reduced
03/14/08 - JM Dutton & Associates
NEW YORK, March 14 (newratings.com) - Analysts at JM Dutton reiterate their "speculative buy" rating on O2Diesel Corporation (OTD). The target price has been reduced from $2.25 to $0.75.

In a research note published yesterday, the analysts mention that the company’s O2Diesel Europe subsidiary has made an exclusive Technology License and Services Agreement with KL Process Design Group (KL). The subsidiary would utilize KL’s cellulosic ethanol production expertise and processes in Europe, India, Russia and other markets, the analysts say. Meanwhile, O2Diesel is facing substantial challenges and its commercialization process has taken longer than expected, JM Dutton adds.


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