- Green Plains' (GPRE -1.3%) stock price target is raised to $50 from $35 at Imperial Capital based on a strong outlook for ethanol margins.
- The firm raises its estimated 2014 EBITDA to $405M from $290M, which it says is 20% above consensus of $330M, and eyes 2015 estimated EBITDA at $331M.
- As of Apr. 30, GPRE had locked in margins on 80% of Q2 shipments and 40% of Q3.
- Imperial notes spot margins have exceeded $0.50/gallon YTD and is modeling margins of $0.35/gal, $0.38/gal and $0.41/gal for the last three quarters of 2014.
From other sites
at CNBC.com (Jul 27, 2012)
Video at CNBC.com (Jul 26, 2012)
at CNBC.com (Nov 18, 2011)
at CNBC.com (Nov 5, 2010)
at CNBC.com (Nov 2, 2010)
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