Green Plains downgraded to Equal Weight from Overweight at Stephens

Stephens analyst Ben Bienvenu downgraded Green Plains to Equal Weight from Overweight with a price target of $37, down from $40. While he continues to expect the company to make progress on its conversion to "GPRE 2.0," and is confident in the company’s ability to slide down the industry cost curve as its facilities become more profitable from the production of high protein feed products and increased corn oil yields, he thinks the risk/reward is more balanced at current levels, Bienvenu tells investors.