JPMorgan raised the firm’s price target on Plains All American (PAA) to $20 from $19 and keeps a Neutral rating on the shares. The Canadian natural gas liquids divestiture “creates meaningful capital allocation optionality” for Plains, the analyst tells investors in a research note.
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:
- Plains All American price target raised to $22 from $20 at Mizuho
- Plains All American Sells Canadian NGL Business
- Plains All American, Plains GP to sell NGL business to Keyera for $3.75B
- Plains All American price target lowered to $19 from $20 at Scotiabank
- Plains All American Unitholders Approve Key Governance Decisions