Green Plains price target lowered to $35 from $40 at Truist

Truist lowered the firm’s price target on Green Plains to $35 from $40 but keeps a Buy rating on the shares as part of a broader research note on Solar and Alternative Fuels names. Shares have faced continued pressure over the last several months, trading down over 30% since the start of Q4 as ethanol prices/crush spreads have collapsed on builds in ethanol inventories, and more recently, due to the harsh winter weather conditions throughout the Midwest, the analyst tells investors in a research note. Truist adds however that the firm sees Green Plains showing continued strong positive EBITDA generation.