Plains All American price target lowered to $20 from $21 at Mizuho

Mizuho analyst Gabriel Moreen lowered the firm’s price target on Plains All American (PAA) to $20 from $21 and keeps an Outperform rating on the shares. The firm updated midstream estimates post the Q1 reports. Midstream’s Q1 reporting cycle seemed to confirm that the near-term outlook across the group is mostly unchanged, but investors will focus on posturing around growth in fiscal 2026 and beyond, the analyst tells investors in a research note.