Plains All American price target raised to $22 from $19 at Scotiabank

Scotiabank raised the firm’s price target on Plains All American (PAA) to $22 from $19 and keeps an Outperform rating on the shares. The firm is updating its price targets for Energy Infrastructure stocks under its coverage, the analyst tells investors. Scotiabank notes tailwinds from strong power demand and LNG exports are driving increased opportunities, leading the firm to believe there is an upward bias to its long-term estimates.