Citi lowered the firm’s price target on Plains All American (PAA) to $18 from $21 and keeps a Neutral rating on the shares. The firm reduced estimates to reflect lower cash flow expectations driven by a moderated Permian growth outlook over the near-term.
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Read More on PAA:
- Plains All American price target lowered to $20 from $21 at Scotiabank
- Cautious Hold Rating on Plains All American Amid Cash Flow Challenges and Mixed Financial Signals
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