BMO Capital analyst Andrew Strelzik lowered the firm’s price target on Green Plains (GPRE) to $8 from $13 and keeps a Market Perform rating on the shares. The firm cites the company’s Q4 EBITDA loss on lower ethanol margin, and while the management announced measures yielding $50M in expected cost savings, the 2025 ethanol outlook remains challenged given higher corn, strong ethanol production, and uncertain demand, the analyst tells investors in a research note.
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Read More on GPRE:
- Strategic Growth and Profitability: Laurence Alexander’s Buy Rating for Green Plains
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