Pacific Ethanol (PEIX) Tops Q3 EPS by 12c

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Pacific Ethanol (PEIX) Tops Q3 Views as Spreads Firm; Cowen Maintains at 'Outperform'

October 30, 2014 11:23 AM EDT

Cowen and Company affirms Pacific Ethanol, Inc. (Nasdaq: PEIX) at Outperform with a price target of $16.50 following Q3 results released earlier this week.

Analyst Jeffrey Osborne noted that Pacific Ethanol's Q3 revenue of $275.6 million and adjusted EPS of $0.33 compared with his estimate of $262 million and $0.29, respectively.

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