Market Overview

UPDATE: Wedbush Securities Assumes Coverage On Green Plains As Uncertainty Clouds Outlook

Share:

In a report published Friday, Wedbush Securities analyst David L. Rose assumed coverage on Green Plains Inc. (NASDAQ: GPRE) with a Neutral rating and $31.00 price target.

In the report, Wedbush Securities noted, "In our view, GPRE has successfully transformed itself into a leading vertically-integrated player in the biofuels industry. However, in the near term, the outlook is more negative as market forces (rising inventories and lower gas prices) and regulatory uncertainty are creating significant headwinds, leading to a meaningful step-down in cash flow for 2015 and possibly 2016 from record 2014 levels. Given the valuation, anticipated earnings pressure, and a highly uncertain regulatory environment, we assume coverage with a NEUTRAL rating."

Green Plains closed on Thursday at $28.04.

Latest Ratings for GPRE

DateFirmActionFromTo
Oct 2020Truist SecuritiesInitiates Coverage OnBuy
Aug 2020JefferiesMaintainsBuy
May 2020JefferiesUpgradesHoldBuy

View More Analyst Ratings for GPRE
View the Latest Analyst Ratings

 

Related Articles (GPRE)

View Comments and Join the Discussion!

Posted-In: David L. Rose Wedbush SecuritiesAnalyst Color Initiation Analyst Ratings

Latest Ratings

StockFirmActionPT
URIVertical ResearchInitiates Coverage On310.0
PCARVertical ResearchInitiates Coverage On95.0
DEVertical ResearchInitiates Coverage On345.0
CNHIVertical ResearchInitiates Coverage On16.0
AGCOVertical ResearchInitiates Coverage On119.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com