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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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