UPDATE: Citi Downgrades Calyxt Inc. (CLXT) to Neutral

(Updated - September 27, 2017 7:08 AM EDT)

(updated to add analyst comment)

Citi downgrades Calyxt Inc. (NASDAQ: CLXT) from Buy to Neutral with a price target of $27.00 (from $16.00).

Analyst Daniel Jester comments "...in our view, the most likely next catalyst for the shares will be details on the launch size for the first commercial crop of high oleic soybeans in spring 2018" and says that tactically there may be a better entry point and therefore moves to the sidelines.

For an analyst ratings summary and ratings history on Calyxt Inc. click here. For more ratings news on Calyxt Inc. click here.

Shares of Calyxt Inc. closed at $26.47 yesterday.

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