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Piper Jaffray Downgrades Green Plains Renewable Energy (GPRE) to Neutral

January 5, 2015 7:28 AM EST

Piper Jaffray downgraded Green Plains Renewable Energy (NASDAQ: GPRE) from Overweight to Neutral with a price target of $28.00 (from $48.00) saying falling ethanol prices to weigh on margins.

Analyst Brett Wong commented, "We are downgrading shares of GPRE to Neutral from Overweight with a $28 price target as lower... More