Scotiabank raised the firm’s price target on Plains All American (PAA) to $20 from $18 and keeps an Outperform rating on the shares. The firm sees Plains All American’s deal to acquire ownership stakes in EPIC Crude as generally positive for Kinetik (KNTK) and Plains All American, the analyst tells investors.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PAA:
- Hold Rating Maintained for Plains All American Amid EPIC Crude Pipeline Acquisition Concerns
- Plains to buy 55% interest in EPIC Crude Holdings, transaction valued at $1.57B
- Plains All American Acquires Stake in EPIC Crude Holdings
- Plains to acquire 55% interest in EPIC crude holdings
- Plains All American price target lowered to $20 from $22 at Morgan Stanley