Zacks Investment Research downgraded shares of SYNTROLEUM CORP (SYNM) from NEUTRAL to UNDERPERFORM on November 15, 2012, with a target price of $0.50.
Syntroleum Corp. is a developer, owner and licensor of a proprietary catalytic process for converting natural gas to synthetic liquid hydrocarbons, generally known as gas-to-liquids, or GTL technology. They sell licenses to use their GTL technology, the Syntroleum Process, for the production of fuels, and plan to develop and own GTL plants based on the Syntroleum Process that produce refined specialty products and fuels.
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