Green Plains price target raised to $12 from $9 at BMO Capital

BMO Capital analyst Andrew Strelzik raised the firm’s price target on Green Plains (GPRE) to $12 from $9 and keeps a Market Perform rating on the shares. The company’s Q3 EBITDA exceeded $33M consensus on strong ethanol results and 45Z tax credit capture, the analyst tells investors in a research note. Green Plains expects a solid Q4 performance given hedges and another $15M-$25M in tax credit contribution, the firm added.