Green Plains price target lowered to $32 from $37 at Stephens

Stephens analyst Ben Bienvenu lowered the firm’s price target on Green Plains to $32 from $37 and keeps an Equal Weight rating on the shares. While the firm was expecting some margin pressure due to downtime at some of Green Plains’ facilities, it did not expect “this degree of pressure” due to the strong ethanol fundamentals during the quarter, says the analyst, who adds that “much of the woes that plagued them this quarter appear to be in the rearview.”