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.
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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