Green Plains price target raised to $20 from $18 at Oppenheimer

Oppenheimer raised the firm’s price target on Green Plains (GPRE) to $20 from $18 and keeps an Outperform rating on the shares. The firm notes the company reported a strong start to the year, as the base business delivered healthy ethanol crush margins, and $55.2M in 45Z credit monetization benefits. While the carbon credits were ahead of expectations, the more salient takeaway from Oppenheimer’s perspective was the strong base operating results.