JPMorgan analyst Jeremy Tonet raised the firm’s price target on Plains GP Holdings (PAGP) 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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PAGP:
- Plains GP Holdings price target raised to $22 from $20 at Mizuho
- Plains GP Holdings Sells Canadian NGL Business
- Plains All American, Plains GP to sell NGL business to Keyera for $3.75B
- Plains GP Holdings Holds Successful Annual Shareholder Meeting
- Plains GP Holdings price target lowered to $20 from $21 at Mizuho