Green Plains price target lowered to $34 from $37 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Green Plains to $34 from $37 and keeps a Buy rating on the shares. The firm notes Green Plains reported Q1 results below expectations following a typical script early in the year due to ethanol price weakness, and softness in vegetable oil and protein markets. That said, Green Plains’ Transformation in the areas of hi-protein, clean sugars, renewable corn oil, and carbon capture and sequestration are progressing steadily and, in some cases, accelerating, adds Craig-Hallum.