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Fly News Breaks for August 15, 2016
PEIX
Aug 15, 2016 | 08:48 EDT
Craig-Hallum analyst Eric Stine says that corn prices will probably remain low, as crops look poised to set records. The analyst says that the ratio between corn prices and ethanol prices has remained at the highest levels since 1H15, despite recent declines in ethanol prices. He thinks that Pacific Ethanol's risk/reward ratio is positive and keeps a $9 price target and Buy rating on the shares.
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