Truist keeps a Buy rating on Green Plains (GPRE) with a $12 price target after the company announced the departure of its long-time CEO Todd Becker. Given the ongoing activist campaign at Green Plains coupled with continued challenges to its financial performance, the announcement is not much of a surprise, the analyst tells investors in a research note. The firm now sees a potential takeout of the company as even more likely. Given the planned second half of 2025 startup of the Tallgrass Trailblazer CO2 Pipeline and improved economics for its Nebraska plants, Green Plains could garner buyout interest ahead of the startup of its carbon capture and sequestration project, contends Truist.
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