(Bloomberg) -- Shares of biofuel companies were lowered to ``cautious'' from ``neutral'' at Goldman, Sachs & Co. on concern share prices overstate earnings prospects and the companies will be hurt by higher corn costs.
``We are sellers of the rally,'' New York-based analysts including Arjun Murti wrote in a report dated April 16. All three ethanol companies covered are trading above Goldman's price estimates.
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