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Fly News Breaks for February 11, 2019
GPRE
Feb 11, 2019 | 08:34 EDT
Roth Capital analyst Craig Irwin lowered his price target for Green Plains to $16 from $25 ahead of quarterly results. The balance sheet will be a focus, where the analyst expects cash available for share repurchases to be a top investor focus. With the asset sales complete and Term Loan B repaid, the company should retain a much improved risk profile for 2019, while waiting for crosswinds that can improve industry crush margins, he contends. The analyst reiterates a Buy rating on the shares.
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