Credit Suisse Starts Green Plains Renewable Energy (GPRE) at Outperform

Credit Suisse analyst Manav Gupta initiates coverage on Green Plains Renewable Energy (NASDAQ: GPRE) with a Outperform rating and a price target of $44.00.

The analyst comments "We initiate coverage of Green Plain (GPRE) with an Outperform rating and a $44 target price. We believe that the market will reward GPRE’s strategy of moving away from its base ethanol business and generating incremental EBITDA from (1) ultra-high proteins, (2) higher corn oil yield, (3) higher vegetable oil prices, (4) specialty alcohols, (5) Clean Sugar Technology (CST), and (6) carbon capture and storage (CCS)."

For an analyst ratings summary and ratings history on Green Plains Renewable Energy click here. For more ratings news on Green Plains Renewable Energy click here.

Shares of Green Plains Renewable Energy closed at $27.49 yesterday.

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