Green Plains upgraded to Outperform from Perform at Oppenheimer

Oppenheimer upgraded Green Plains (GPRE) to Outperform from Perform with a $14 price target The company removed its largest financial overhang with the sale of its Obion plant, the analyst tells investors in a research note. The firm says Green Plains is paying off its “expensive” mezzanine debt while adding liquidity to the balance sheet. Meanwhile, the macro environment has become more favorable to Green Plains with the extended 45Z clean fuel production credit and improved carbon monetization opportunities, contends Oppenheimer.