BofA analyst Salvator Tiano lowered the firm’s price target on Green Plains (GPRE) to $10 from $17 and keeps a Buy rating on the shares. The firm is lowering 2025 estimates “considerably” following Green Plains’ Q4 results and the continued drop in ethanol margins through January. However, the firm remains constructive on the carbon capture initiative, which continues to progress, believes that ethanol margins bottomed in January, and notes that the company is undertaking significant efforts to rightsize its cost structure, leading it to reiterate a Buy rating on the shares.
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