Jefferies Sees Another 26% Upside to Green Plains Renewable (GPRE); PT Raised

Jefferies analyst Laurence Alexander reiterated a Buy rating and boosted its price target on Green Plains Renewable Energy (NASDAQ: GPRE) from $28 to $40.

Alexander comments, "Green Plains has rallied sharply on the combination of strong ethanol margins and optimism of a favorable settlement of the RFS debate. We are raising our price target $12 to $40, 26% above the current share price. The rally to mid-cycle value is done. The next step is more speculative, but still likely"

The firm boosted FY 2014 EPS from $2.05 to $2.35 and FY 2015 EPS from $2.15 to $2.30.

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 $31.81 yesterday.

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