Plains All American price target raised to $19 from $18 at Barclays

Barclays analyst Theresa Chen raised the firm’s price target on Plains All American (PAA) to $19 from $18 and keeps an Underweight rating on the shares. The firm says “persistent” growth in energy infrastructure demand will drive midstream sector performance. Following a series of recent well-received project announcements to support visible supply and demand growth, driven in part by rising power gen needs, the group’s current momentum will persist into Q4 earnings and into 2025, the analyst tells investors in a research note.