Green Plains price target lowered to $7 from $12 at Truist

Truist lowered the firm’s price target on Green Plains (GPRE) to $7 from $12 and keeps a Buy rating on the shares. The company’s financial results continued to struggle in Q1 amidst continued pressure on crush spreads, ongoing optimization, and cost reduction efforts, though the strip for crush spreads has improved since Q1, the analyst tells investors in a research note.