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Fly News Breaks for May 4, 2016
GPRE
May 4, 2016 | 08:54 EDT
Roth Capital analyst Craig Irwin recommends using the current weakness in Green Plains' stock to accumulate fresh positions, after the company reported a difficult Q1 results on a materially weaker 2016 margin start than projected. The analyst says he continues to monitor the supply and demand balance, where the outlook for more limited 2016 debottlenecking and continued demand growth points to a more bullish set up for summertime crush margins. Irwin reiterates a Buy rating and $20 price target on the shares.
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