Wolfe Research upgraded Plains GP Holdings (PAGP) to Outperform from Peer Perform with a $22 price target The firm sees better value in master limited partnerships than the c-corps in 2025 and upgrades Plains All American as a play on this. The stock trades at the lowest multiple in the group with the highest free cash flow yield, is a takeout target, and has options to create value as shown this week, the analyst tells investors in a research note.
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