Plains GP Holdings price target raised to $18 from $16 at Barclays

Barclays analyst Theresa Chen raised the firm’s price target on Plains GP Holdings to $18 from $16 and keeps an Underweight rating on the shares ahead of the Q1 report. Weather-related headwinds and subdued commodity pricing should be partly offset by contribution from recent Permian bolt-on acquisitions, the analyst tells investors in a research note.